【$FET Signal】1H pullback confirmation, sniper EMA20 support rebound

$FET The 1H timeframe experienced a volume surge yesterday and is currently in a healthy retracement consolidation phase. The price is hovering around 0.1650, which is exactly the key support zone between the 1H EMA20 (0.1633) and the 4H EMA20 (0.1603). The 4H timeframe has formed a bullish engulfing pattern, but confirmation of support at the 1H level is needed to trigger a new upward attack. Open interest remains stable, funding rates are slightly positive, indicating mild bullish sentiment without overheating.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1645 - 0.1650 (Reason: Dynamic support zone of 1H EMA20 & dense cluster of previous hour’s lows)

🛑Stop Loss: 0.1628 (Reason: Break below the 4H bullish candle start point at 0.1640 and ATR lower band)

🚀Target 1: 0.1685 (Reason: Resistance at yesterday’s 4H high)

🚀Target 2: 0.1715 (Reason: 1.618 Fibonacci extension level & previous accumulation zone)

🛡️Trading Management:

- Position suggestion: Light position (Reason: Overall still in the upper range of the 4H consolidation zone, watch for breakout strength)

- Execution strategy: After the price reaches 0.1685, reduce position by 50% and move stop loss up to entry price 0.1650. Hold the remaining position for the second target; if the price retraces and breaks below the entry price, exit unconditionally.

Deep logic: Market depth shows heavy buy orders accumulated in the 0.1640-0.1650 range (depth imbalance +3.59%), forming a strong support. The 1H RSI (62.59) has fallen from overbought territory to a healthy zone, preparing for another upward move. The key is whether the price can stay above 0.1653 (the wall of sell orders). If it does, selling pressure above is relatively light, and a quick test of the previous high at 0.1667 is possible. Stable open interest indicates this is not purely a short squeeze but genuine capital deployment.

Trade here 👇 $FET

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