FET is currently caught between a key trendline overhead and support levels below, creating a compression zone. The pullback we're seeing appears constructive rather than bearish. Watch for one more rally peak in the fifth wave of this cycle—if it materializes, that would lock in the first major confirmation that a bottom has truly formed. This setup matters for anyone tracking FET's near-term trajectory, as a successful wave-5 completion would suggest the correction phase is wrapping up and momentum could shift again.
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GigaBrainAnon
· 18m ago
Wave 5 is here, let's take off. Stop with the wave theory and go all in directly.
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CryptoGoldmine
· 01-11 01:52
Completing five waves is indeed a key signal. Based on the hash rate network data I monitor, similar compression zones often indicate the beginning of a technical rebound cycle.
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ForeverBuyingDips
· 01-11 01:47
Pressure levels and support levels are pinching together, just waiting for that fifth wave to confirm the bottom. At that point, we'll know whether it's a genuine rebound or just a fleeting moment.
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Liquidated_Larry
· 01-11 01:45
Wave theory player? This compressed range looks a bit familiar, always saying it's the fifth wave... and what happened then?
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NervousFingers
· 01-11 01:43
Wave theory, it feels like I can always apply it to 🤔.
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GasFeeNightmare
· 01-11 01:40
If wave5 fails, I'll just liquidate my position immediately; it's unreliable.
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MonkeySeeMonkeyDo
· 01-11 01:40
Wave theory is back... Hey, this time it actually looks interesting. Is the compression zone preparing to release?
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AirdropF5Bro
· 01-11 01:32
Elliott Wave Theory is back again. Can we really see the bottom with five waves this time? It feels like every time they say we're almost there.
FET is currently caught between a key trendline overhead and support levels below, creating a compression zone. The pullback we're seeing appears constructive rather than bearish. Watch for one more rally peak in the fifth wave of this cycle—if it materializes, that would lock in the first major confirmation that a bottom has truly formed. This setup matters for anyone tracking FET's near-term trajectory, as a successful wave-5 completion would suggest the correction phase is wrapping up and momentum could shift again.