$FET 4Hr Time frame DUMP before PUMP? $1 Recovery!

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FET/USDT – 4H Time Frame Analysis

Pattern Formation: A rounding top is clearly visible, suggesting weakening bullish momentum and potential trend reversal.
Trend Structure: Price is forming lower highs and lower lows, confirming a bearish trend.

Key Zones:
Supply Zone: $0.85 – $0.975
Demand Zone: $0.35 – $0.45

Neckline Support: Price is approaching a critical neckline level. A break below this could trigger strong downside movement.

Weekly FVG & Fib Confluence:
Below the neckline lies a weekly Fair Value Gap (FVG).
The 0.618 Fibonacci retracement aligns with this zone, forming a golden pocket — a key support area.

Scenario 1 – Bullish Reversal:
If price holds above the golden pocket, a bounce could push it back toward psychological levels (e.g., $0.70 and $0.80)

Scenario 2 – Bearish Continuation:
If price fails to hold the FVG/GP zone, this invalidates bullish setups.
Expect a breakdown targeting the $0.35–$0.45 demand zone.

Penafian

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