【$FET Signal】Hold Cash and Watch - Weak Consolidation, Direction Pending

$FET Formed a potential support level around 0.155 during a long-term downtrend, but the rebound momentum is weak, and selling pressure above is heavy.

🎯Direction: Hold Cash

Market Analysis: Price continues to trade below EMA20 (0.1603) and EMA50 (0.1695), indicating a clear bearish structure. RSI (41.89) is not oversold, but the rebound is feeble, showing insufficient buying confidence.

Core Logic: The key contradiction is that the funding rate (-0.0012%) is negative and open interest (OI) remains stable, ruling out short squeeze risk but also showing no signs of major players closing longs. The deep imbalance (7.59%) indicates buy orders are thicker, but the price remains suppressed below 0.158, suggesting "passive support" rather than active rallying.

Market Psychology: Recently, 4H candlesticks have tested the 0.155-0.156 zone multiple times, absorbing buy orders, but each rebound high point has gradually decreased (0.1584 -> 0.1576), forming a descending high, which is a typical weak consolidation pattern. No volume breakout above EMA20 has occurred, so long entry logic is invalid.

Risk Control Perspective: Currently, there is no clear bullish signal on the right side (such as volume breakout above EMA20 with rising OI), nor the triple resonance conditions for shorting on the left side (high funding rate + decreasing OI + bearish divergence). The win rate is low, so the best strategy is to hold cash and wait. Wait for the price to choose a direction: either volume breakout above 0.162 (previous high) to confirm reversal or fall below 0.1546 (recent low) to start a new downtrend.

Trade 👇 $FET

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