【$FET Signal】No Position + Weak Consolidation Awaiting Breakout

$FET Consolidating weakly in the 0.161-0.170 range, showing disorderly oscillation after a decline on the 4H timeframe. The price center shifts downward, but buy orders are densely clustered in the 0.161-0.163 area, forming a temporary support. The key contradiction is: open interest remains stable (OI Trend: Stable) while the price declines, combined with negative funding rates (-0.0045%) and sell orders from takers (is_taker_buying: false), indicating that bears are dominant but have not triggered panic selling. It appears more like a passive defense by the bulls resulting in a weak equilibrium.

🎯Direction: No Position (NoPosition)

The current structure lacks a clear directional drive. The 0.167-0.170 zone above acts as a strong resistance area, with multiple failed attempts to break through; support below is solid but the rebound is weak. Market logic suggests that judgment should be based on open interest. Currently, it’s neither major players offloading (no volume increase) nor bulls liquidating (OI not decreasing), indicating a standoff phase of indecision. Wait for the price to break above 0.170 (go long) or below 0.161 (go short) to confirm the next move. Probabilistically, under negative funding and selling pressure, the risk of breaking downward is slightly higher, but the risk-reward ratio is unclear, so it’s not worth preemptively positioning.

Trade here 👇 $FET

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