$FET has been sliding within a clean falling wedge, and $FET is now pressing deeper into the apex where volatility typically compresses before a decisive move. This structure often signals fading bearish momentum — but the confirmation always comes from one thing: volume.
As long as $FET continues respecting the wedge boundaries, the setup remains valid. A strong breakout above the upper trendline with real volume behind it would be the trigger that flips the momentum and opens the door for a bullish reversal.
For now, it’s all about patience. Eyes on the breakout… and more importantly, on the volume that follows.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Chart Request: #FET
$FET has been sliding within a clean falling wedge, and $FET is now pressing deeper into the apex where volatility typically compresses before a decisive move. This structure often signals fading bearish momentum — but the confirmation always comes from one thing: volume.
As long as $FET continues respecting the wedge boundaries, the setup remains valid. A strong breakout above the upper trendline with real volume behind it would be the trigger that flips the momentum and opens the door for a bullish reversal.
For now, it’s all about patience. Eyes on the breakout… and more importantly, on the volume that follows.