💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing FET on the 4-hour timeframe .
👀 After breaking out of its range around $0.75, FET experienced a solid upward move , reaching $0.876 . However , it was rejected from that level and faced heavy selling pressure , eventually forming a consolidation box on the multi-timeframe .
The break of this box, accompanied by rising volume and a total market structure break , led to a move toward the $0.778 resistance , where the price dropped again — this time with significant sell volume .
🎮 The Fibonacci levels in this chart are drawn based on volume-based market activity — specifically from the candle where the sell-off began to the candle where selling pressure ended and a reversal candle formed .
It may sound a bit technical , but the 0.236 Fib level acted as a key V-pattern resistance , which was beautifully broken with a strong $2,571,800 volume, and the candle closed above it .
Following that , traders showed reactions to this level , and the liquidity absorption can be seen in the form of wicks .
🔑 The next important zone is the 0.382 Fibonacci level at $0.675, where we see two possible scenarios :
Reaction and pullback , followed by a breakout .
Breakout first , then a pullback .
You can also place a buy stop at this level — just make sure to use a wider stop-loss .
⚙️ The structure is looking relatively good . The 61.9 RSI region could cause some noise in lower timeframes , but the key area is RSI 70 , which is the entrance to the Overbought zone .
🔼 Volume has been decent , especially considering today is Saturday and a weekend session . This adds more confirmation to the breakout of the V-pattern and the potential end of the correction .
🖥 Summary :
FET is one of those coins with strong recovery potential , operating in the AI sector . It tends to respect classic price action patterns , and with well-drawn Fibonacci levels , volume confirmation , and RSI moving into Overbought , it often activates buy-stop positions cleanly .
💡 Disclaimer :!!! .
⏰ We’re analyzing FET on the 4-hour timeframe .
👀 After breaking out of its range around $0.75, FET experienced a solid upward move , reaching $0.876 . However , it was rejected from that level and faced heavy selling pressure , eventually forming a consolidation box on the multi-timeframe .
The break of this box, accompanied by rising volume and a total market structure break , led to a move toward the $0.778 resistance , where the price dropped again — this time with significant sell volume .
🎮 The Fibonacci levels in this chart are drawn based on volume-based market activity — specifically from the candle where the sell-off began to the candle where selling pressure ended and a reversal candle formed .
It may sound a bit technical , but the 0.236 Fib level acted as a key V-pattern resistance , which was beautifully broken with a strong $2,571,800 volume, and the candle closed above it .
Following that , traders showed reactions to this level , and the liquidity absorption can be seen in the form of wicks .
🔑 The next important zone is the 0.382 Fibonacci level at $0.675, where we see two possible scenarios :
Reaction and pullback , followed by a breakout .
Breakout first , then a pullback .
You can also place a buy stop at this level — just make sure to use a wider stop-loss .
⚙️ The structure is looking relatively good . The 61.9 RSI region could cause some noise in lower timeframes , but the key area is RSI 70 , which is the entrance to the Overbought zone .
🔼 Volume has been decent , especially considering today is Saturday and a weekend session . This adds more confirmation to the breakout of the V-pattern and the potential end of the correction .
🖥 Summary :
FET is one of those coins with strong recovery potential , operating in the AI sector . It tends to respect classic price action patterns , and with well-drawn Fibonacci levels , volume confirmation , and RSI moving into Overbought , it often activates buy-stop positions cleanly .
💡 Disclaimer :!!! .
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t.me/satoshiframetr
t.me/satoshiframetr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframetr
t.me/satoshiframetr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.