$FET is under pressure after a sharp selloff, but it’s now pushing into an exhaustion zone where reactions usually start building.

The drop came fast and aggressive — momentum is stretched, and price is sitting right on a support pocket. Sellers still have short-term control, but follow-through is weakening. This is typically where relief bounces form if buyers step in.

I’m not blindly catching this. I want to see stabilization and a reclaim before getting aggressive.

If price reclaims 0.2380, momentum can shift quickly. Until then, this is a bounce setup — not a confirmed trend reversal.