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

$FET just broke through key resistance on the 1H level with volume expansion, forming a strong squeeze pattern. The 4H level has stabilized above EMA20, with uptrend confirmed. Although price is at elevated levels, the negative funding rate and stable open interest indicate shorts are being compressed, with obvious mainforce support intent. Pullbacks present opportunities.

🎯 Direction: Long

⚡ Entry/Pending Orders: Patiently wait for pullback to 0.1587 - 0.1617 zone, accumulate in batches. Strictly forbidden 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. With remaining position, pursue Target 2. If price falls back to entry level, automatically exit to protect capital.

Deep Logic: 1-hour RSI shows strong momentum but has entered overbought territory, requiring pullback to release overheated sentiment. The key point is that despite rapid price rally, open interest remains stable and funding rate is negative—this is a typical squeeze signal with shorts being forced to cover. Order book data shows buy depth significantly exceeds sell depth, with dense support below. 4H level has formed bullish engulfing pattern, confirming short-term trend reversal.

View Live Chart 👇 $FET

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