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FET is currently stuck at 0.2773, just looking at the technicals you need to think it over. The MA20 moving average is tightly pressing down, and there’s hardly any volume to support a rebound, it's completely a fake-out move. RSI just crossed above 50 and then turned downward, this signal doesn't lie.
Look at the volume during the rebound, sparse and weak, unable to stand firm. What does this mean? Retail investors can't hold, and the main players haven't really exerted effort. With this momentum, it will eventually drop again. Many people are waiting for a rebound opportunity, but that opportunity might just be a trap—the trap of catching the falling knife.
At the 0.2773 level, I think there's no need to overthink, just go with a market sell order. The bottom signal hasn't appeared yet, so let's wait and see if the technicals can give a new direction.
The volume pattern of FET has been obvious for a long time, with MA20 pressing down and RSI turning around; those who buy in will get hammered