【$FET Signal】Long + 1H Breakout Short Squeeze, Bullish Support Under Negative Funding Rate

$FET just broke through key resistance at the 1H level with volume increase, forming a strong short squeeze scenario. The 4H level has firmly established support above EMA20, with trend turning upward. Although the current price is at a high level, the negative funding rate and stable open interest indicate shorts are being squeezed, with clear intention of bullish support—pullbacks are opportunities.

🎯 Direction: Long

⚡ Entry/Orders: Patiently await pullback to 0.1587 - 0.1617 zone to accumulate longs in tranches. Strictly prohibited from chasing at market price.

🛑 Stop Loss: 0.1587

🚀 Target 1: 0.1736

🚀 Target 2: 0.1796

🛡️Trade Management:

- Execution Strategy: Upon reaching Target 1, reduce position by 50% and move stop loss up to entry price. Remaining position targets Target 2; if price retraces to entry level, auto exit to protect capital.

Deep Logic: The 1-hour RSI shows strong momentum but has entered overbought levels, requiring pullback to release overheating sentiment. The key point is that despite rapid price appreciation, open interest remains stable with negative funding rate—a classic short squeeze signal indicating forced short liquidation. Order book data shows buy-side depth significantly exceeds sell-side, with dense support below. The 4-hour level has formed a bullish engulfing pattern, confirming short-term trend reversal.

View Live Charts 👇 $FET

---

Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #原油价格上涨