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【$FET Signal】Short position + decline accompanied by abnormal open interest
$FET Price decline accompanied by high open interest, market logic suggests caution against main force dumping or long liquidation risks. Currently, there is no clear support structure on the chart, and price action is relatively weak.
🎯 Direction: Short position
Price is lacking effective buying absorption near the key support level of 0.20. The decline is accompanied by high open interest, indicating a large number of fragile positions in the market. Any rebound on the lower time frame (LTF) encounters selling pressure, showing persistent selling force. Avoid entering until a clear support structure or healthy decrease in open interest appears.
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