Rising Wedge Breakdown on FETUSDT Retest Before Next Move

FETUSDT has completed a classical rising wedge distribution which triggered a clean breakdown into the $0.53 zone, shifting the short term structure from demand led momentum into corrective flow.

Price is now trading beneath the major support that previously served as demand, turning it into an active supply zone. Current structure favors planning around the pullback any relief rally back into the supply area offers an ideal region to monitor for rejection and continuation of the corrective leg.

However, a decisive breakout and acceptance above the supply zone would invalidate the immediate bearish thesis and open the door for bullish continuation, with the market attempting to resume trend as clearly outlined on the chart.