【$FET Signal】1H pullback confirmation, main force supports the market, aiming for a second surge

$FET On the 1H timeframe, after a strong rally, a healthy pullback is underway, with the current price holding above the 1H EMA20 (0.1765) for initial support. The 4H timeframe has formed a clear bullish engulfing pattern, breaking above the recent consolidation upper boundary, indicating a trend reversal to bullish. Although the 1H RSI (69.41) is relatively high, the price refuses to dip sharply, and the order book depth (around 0.18) is unusually thick, showing strong support from the main force. This is a typical strong consolidation structure, building momentum for a second rally.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.1795 - 0.1805 ( Reason: Retracement to 1H EMA20 support zone and previous hour’s low )

🛑 Stop-loss: 0.1760 ( Reason: Falling below 1H EMA50 and previous structural low, invalidating bullish setup )

🚀 Target 1: 0.1850 ( Reason: Previous high resistance and psychological level )

🚀 Target 2: 0.1900 ( Reason: 4H upward wave 1.618 Fibonacci extension level )

🛡️ Trading management:

- Position size suggestion: Standard position ( Reason: 4H and 1H trend resonance, risk-reward ratio >2 )

- Execution strategy: After reaching 0.1850, reduce position by 50% to lock in profits, and move the remaining stop-loss up to the entry price of 0.1800. If the price cannot hold above 0.1820 and falls below 0.1805 again, consider exiting early.

Depth logic: Over the past 4 hours, the price surged by 9.56% while open interest remained stable, indicating not just short covering but new long capital entering. The latest 1-hour candlestick shows buy volume dominance at 65%, a strong short-term reversal signal. Order book imbalance at 1.86% shows selling pressure concentrated between 0.1820-0.1830. Once this area is broken, resistance is sparse above, and a short squeeze could trigger. Combined with positive funding rates, market sentiment is bullish but not overheated, leaving room for further upside.

Trade here 👇 $FET

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL