FET's current price trend is quite interesting. On the four-hour chart, the rebound is firmly suppressed by MA5 at the 0.2848 level, and the price around 0.2826 is unable to break through, looking a bit weak.
The momentum of MACD is clearly weakening, and RSI is also in a weak state. This kind of volume-less rebound is a typical trap for false signals. If you ask me, directly shorting at the current price is a good opportunity, with the first target at the previous low of 0.2773. If the rebound picks up, then it's a good time to continue shorting.
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FET's current price trend is quite interesting. On the four-hour chart, the rebound is firmly suppressed by MA5 at the 0.2848 level, and the price around 0.2826 is unable to break through, looking a bit weak.
The momentum of MACD is clearly weakening, and RSI is also in a weak state. This kind of volume-less rebound is a typical trap for false signals. If you ask me, directly shorting at the current price is a good opportunity, with the first target at the previous low of 0.2773. If the rebound picks up, then it's a good time to continue shorting.