🚨 Selling opportunity on FET$FET 🚨
The price has reached the strong resistance area of 0.25 again, and it has been tested 3 times without breaking through ❌
This reinforces the likelihood of rejection and a drop from the same area 📉
📊 Main idea:
🔹 Repeated failure to break the resistance
🔹 Sharp drop from the peak (around $3.5 to -95%) ⚠️
🔹 Continuous selling pressure due to periodic token distributions
🔹 The current movement heavily depends on the market wave rather than intrinsic strength
📉 Strategy:
A small short position can be considered at these levels
While waiting for a gradual drop in case the rejection continues
⚠️ Risk management is very important:
- Any clear breakout above 0.25 cancels the selling idea
- Using a stop loss is essential
- Avoid entering with a large size
🔥 Summary:
Strong resistance area + repeated failure = potential selling opportunity, but with extreme caution