Technical analysis by Tradeforthepeople about Symbol FET: Sell recommendation (2/9/2024)

We had a nice rally along side BTC and the rest of the market including the stock market.In our previous Long trade we took some advantages of this rally.I will be entering a short from this position for these reasons:- Lower low and lower highs- the 21 EMA&SMA has been a significant level where price rejected on corrective rallies- Very strong support at the bottom of the range channel including the bull market support band- Also with all the bankruptcy rumours and FUD - not a fanTarget: 0.49Happy trading everyone