📌 Watch for $FET's liquidity absorption
💎 FET appears poised to absorb internal liquidity, as indicated by the formation of a pin bar candle, reminiscent of previous instances.
💎If FETUSDT demonstrates CHoCH behavior from the bullish Order Block (OB), it suggests that internal liquidity has been absorbed, potentially paving the way for a renewed bullish trajectory.
💎However, a breakdown below the bullish OB would signify a bearish market structure. Nonetheless, given a bullish long-term outlook on FET, I will monitor for more favorable price action, particularly towards the bullish side, noting the presence of a small demand area below.
💎If FETUSDT demonstrates CHoCH behavior from the bullish Order Block (OB), it suggests that internal liquidity has been absorbed, potentially paving the way for a renewed bullish trajectory.
💎However, a breakdown below the bullish OB would signify a bearish market structure. Nonetheless, given a bullish long-term outlook on FET, I will monitor for more favorable price action, particularly towards the bullish side, noting the presence of a small demand area below.
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