【$FET Signal】Pullback provides buying opportunity! 1H retest confirms, main players support price awaiting second surge

$FET is consolidating with decreasing volume above key support on the 1H level, while the 4H level is undergoing healthy pullback after a spike. Current price hovers around 0.176, with the 1-hour chart showing strong buying depth. A large concentration of buy orders has accumulated in the 0.175 area below, forming a support wall. Despite short-term momentum slowing, open interest remains stable with no significant capital outflow, indicating main players haven't exited but are rather rotating positions and providing support at this level. The 1-hour RSI is approaching the neutral 50 zone, accumulating energy for another rally. On the 4-hour level, price remains firmly above the EMA20, with the medium-term uptrend structure intact. This is a typical "uptrend continuation" pattern, awaiting a second surge following a retest confirmation.

🎯Direction: Long (Pullback limit orders)

⚡Entry/Limit Orders: 0.1729 - 0.1753

🛑Stop Loss: 0.1686

🚀Target 1: 0.1888

🚀Target 2: 0.1956

🛡️Trade Management:

- Execution Strategy: Use tiered profit-taking. After price reaches target 1 at 0.1888, reduce position by 50% and move the stop loss of remaining position to entry price to lock in profits. Keep remaining position for target 2. If price fails to rally as expected and falls back below the lower end of entry range, the logic is invalidated; exit decisively.

Deep Logic: Order book data shows buy-side depth significantly exceeds sell-side, with imbalance ratio exceeding 8%, indicating strong support below. Open interest remains stable during price adjustments, a classic "price down, volume stable, main players support" signal rather than panic selling. The 1-hour EMA50 (0.1720) coincides with the lower end of the suggested entry range, forming powerful dynamic support. Combined with 4-hour RSI still in healthy bullish zone, this pullback is an excellent "low-risk, high-probability" ambush opportunity. Market logic suggests price increase accompanied by stable open interest looks more like main player entry rather than pure short covering; we choose to follow smart money.

View Live Charts 👇 $FET

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