【$FET Signal】Long + 1H Breakout Squeeze, Major Support Protective Buying Under Negative Funding Rate

$FET 1H timeframe just broke through key resistance with volume, forming a strong squeeze pattern. 4H timeframe has stabilized above EMA20, trend turned bullish. Although current price is at high levels, negative funding rate and stable open interest indicate shorts being squeezed, major player protective buying intent is clear, pullbacks are opportunities.

🎯 Direction: Long

⚡ Entry/Pending Orders: Patiently wait for pullback to 0.1587 - 0.1617 range and accumulate long positions in batches. Strictly prohibit market order chasing highs.

🛑 Stop Loss: 0.1587

🚀 Target 1: 0.1736

🚀 Target 2: 0.1796

🛡 ️Trade Management:

- Execution Strategy: Reduce position by 50% upon reaching Target 1, move stop loss to entry price. Keep remaining position for Target 2. If price falls back to entry level, auto-exit to protect capital.

In-Depth Logic: 1-hour RSI shows strong momentum but has entered overbought territory, need to wait for pullback to release overheated sentiment. The key point is that despite rapid price surge, open interest remains stable and funding rate is negative, this is a classic squeeze signal—shorts being forced to close. Order book data shows buy depth significantly thicker than sell depth, support levels dense below. 4-hour timeframe has formed bullish engulfing pattern, confirming short-term trend reversal.

View Live Chart 👇 $FET

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