#FET Market Analysis
FET/USDT is trading at 0.1435 on the 8h after bouncing off the lower boundary of the descending channel from the May highs near 0.2200, with price recovering off the 0.1370 lows and pushing back toward the mid-range of the channel.
Bull case: hold above 0.1400 and reclaim 0.1490 to build a real recovery, opening a push toward 0.1550 and a shot at breaking the channel.
Bear case: lose 0.1400 and roll back toward the lows, exposing 0.1370 and a deeper flush toward 0.1344.
Is this the bounce that finally breaks the trend, or just another rally into resistance?
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Bitcoin Bullets® Trading
FET/USDT is trading at 0.1435 on the 8h after bouncing off the lower boundary of the descending channel from the May highs near 0.2200, with price recovering off the 0.1370 lows and pushing back toward the mid-range of the channel.
Bull case: hold above 0.1400 and reclaim 0.1490 to build a real recovery, opening a push toward 0.1550 and a shot at breaking the channel.
Bear case: lose 0.1400 and roll back toward the lows, exposing 0.1370 and a deeper flush toward 0.1344.
Is this the bounce that finally breaks the trend, or just another rally into resistance?
➖➖➖➖➖➖➖
Bitcoin Bullets® Trading