$FET

While the 6th of February low could mark a durable bottom, the advance from that low has so far unfolded only in a 3-wave structure and has not managed to break the first Fibonacci resistance at 0.184 USD. Without a clear 5-wave move to the upside, confirmation of a sustainable reversal is missing.

An alternative interpretation remains valid in which orange wave 4 has already formed a top and the market is preparing for another leg lower before a more durable low is established. In that case, focus shifts to 0.131 USD as the next potential support, followed by 0.118 USD if weakness extends. A sustained break below 0.140 USD would significantly weaken the white scenario and increase the probability of renewed downside pressure.

The broader i-ii setup tracked since the October 10th low remains highly speculative. Microstructure from that low lacks clarity, and price extremes vary across exchanges, which reduces reliability. A more constructive outlook would require a completed 5-wave advance from a recent swing low, which would indicate that white wave 2 has likely bottomed. For now, price is testing the first micro support zone between 0.140 USD and 0.156 USD. A strong bullish reaction from this area would keep the white scenario valid, potentially forming a flat correction. However, until a confirmed impulsive structure develops, the setup remains speculative and requires confirmation.