$FET — Falling Wedge at the $0.50 Line: Breakout Loading? 🔎📈

[theSignalyst]

$FET has been correcting inside a falling wedge since August. Price is hovering just above the $0.50 round-number support, where wedges often resolve higher if buyers step in.

Trend context: prior markup → corrective drift (lower highs/lows) → watching for a momentum shift.

Key levels

Support: $0.50 (must hold for the bullish case)

Trigger: Break and daily close above the wedge top (~$0.60)

Targets if confirmed: $0.70 → $0.85, with $1.00 as the bigger magnet

Confluence
Round-number floor + wedge completion zone = a classic reversal setup if we get confirmation.

Scenarios

Bullish : Hold $0.50 and break the wedge top → continuation toward $0.70–0.85, then eyes on $1.00.

Bearish : Clean daily close below $0.50 → deeper leg into the prior range before bulls try again.

What’s your plan—buy the breakout above the wedge, or bid the retest near $0.50 with tight risk?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.