【$FET Signal】1H Breakout and Pullback Confirmation, Short-term Rebound Setup

$FET The 1H timeframe has stabilized above EMA20 (0.1628) and broken out with increased volume from the short-term consolidation zone, forming a bullish structure. Although the 4H timeframe is still in a downtrend channel, the latest candlestick closed bullish with buying pressure increasing. The momentum on the 1H aligns with the signs of a bottoming on the 4H, indicating a short-term rebound can be expected.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1640 - 0.1645 (Reason: 1H EMA20 support zone & pullback confirmation after breakout)

🛑Stop Loss: 0.1625 (Reason: Break below the 1H dense trading area low & ATR lower band)

🚀Target 1: 0.1670 (Reason: 4H previous high resistance & near EMA50)

🚀Target 2: 0.1695 (Reason: 1.618 Fibonacci extension level & previous chip zone)

🛡Trade Management:

- Position Size: Light (Reason: 4H trend not fully reversed, indicating a counter-trend rebound)

- Execution Strategy: Reduce 50% of position after reaching Target 1, move the remaining stop loss to the entry price. If the price cannot hold above 0.1650, consider exiting early.

Deep Logic: Price declines but open interest remains stable, indicating no major liquidation by large players, possibly a shakeout. The 1H RSI (56.32) is healthy and rising, with buy-side depth (Bid/Ask Ratio 1.42) favoring buyers, showing strong support below. Negative funding rate (-0.0416%) suppresses excessive shorting, benefiting bulls. The key is whether volume can break through 0.1650 to open up space.

View real-time market 👇 $FET

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