$FET daily update 🧵 Price is at $0.188 and testing the 0.75 fib zone around $0.18 What the data shows 👇 1/ RSI Daily RSI is around 42 4h RSI is around 35 = close to oversold 2/ Open Interest OI is flat around 145M coins About 10% below the recent peak No overheated leverage 3/ Funding Slightly negative Shorts are paying longs 4/ Volume Volume is fading on this move down Sellers are getting tired 5/ Structure Support is the 0.75 fib zone at $0.18 Resistance is the descending trendline and $0.274 The plan 🎯 Hold the zone and we can see a bounce toward the trendline Break above $0.274 and the whole structure flips bullish I only add on strength or a clean reaction in the zone Spot first No leverage until the trade proves itself Daily close below the zone Then I wait for lower levels Fear is where the best entries are made Patience and discipline