Technical analysis by King_BennyBag about Symbol FET on 6/17/2025

FET/USDT – 4H Time Frame AnalysisPattern Formation: A rounding top is clearly visible, suggesting weakening bullish momentum and potential trend reversal.Trend Structure: Price is forming lower highs and lower lows, confirming a bearish trend.Key Zones:Supply Zone: $0.85 – $0.975Demand Zone: $0.35 – $0.45Neckline Support: Price is approaching a critical neckline level. A break below this could trigger strong downside movement.Weekly FVG & Fib Confluence:Below the neckline lies a weekly Fair Value Gap (FVG).The 0.618 Fibonacci retracement aligns with this zone, forming a golden pocket — a key support area.Scenario 1 – Bullish Reversal:If price holds above the golden pocket, a bounce could push it back toward psychological levels (e.g., $0.70 and $0.80)Scenario 2 – Bearish Continuation:If price fails to hold the FVG/GP zone, this invalidates bullish setups.Expect a breakdown targeting the $0.35–$0.45 demand zone.