$FET is stabilizing after the sharp selloff from the 0.2225 high and I’m watching this zone closely because buyers stepped in near the 0.2066 reaction low and stopped further downside. The aggressive sell pressure has slowed down and price is now compressing near support, showing signs of exhaustion from sellers. The 1h candles are forming a tight base with reduced momentum on the downside, suggesting the market is attempting to stabilize after the drop. If this structure holds, a technical bounce becomes possible.
Here my full setup from this chart.
Entry Point
0.2085 – 0.2068
Target Point
TP1: 0.2140
TP2: 0.2190
TP3: 0.2245
Stop Loss
0.2038
It’s possible because every dip near the 0.2066 zone is getting absorbed quickly and sellers are failing to push price lower with strength. If FET holds above the 0.206 level, the move toward 0.2140 becomes the natural first step before momentum attempts a recovery toward higher targets.
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FET
0.157
+0.64%