FET is showing weakness after failing to reclaim the $0.80 level, which now acts as invalidation for any bullish setups. Price continues to grind below a key FVG resistance, with no clear breakout.Plan:
🔻 No Long Setup While Below $0.80
• Bearish bias as long as price remains below reclaimed resistance
• Watching for potential move into lower FVG zones
• No interest in longs unless we see a sweep of key liquidity
🟩 Main Buy Zone: $0.30 (Weekly FVG)
• High-conviction area for long positioning if reached
• Deep liquidity pocket with HTF demand — ideal for spot entries
🎯 Reclaim of $0.80 = Invalidation of Bearish Bias
• Clean weekly close above flips structure bullish again
📌 Let the market flush first. No reason to catch a knife — play from strength, not hope.
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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.