FET on Fire: Volume-Backed V-Pattern Breakout in 4H Structure💀 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 :!!! .
