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

$FET 1H timeframe just broke through key resistance with volume, forming a strong short squeeze setup. 4H timeframe is holding above EMA20 with uptrend confirmed. While price is at elevated levels, negative funding rates and stable open interest indicate shorts are being squeezed, with clear bullish support intent from major players. Any pullback is an opportunity.

🎯 Direction: Long

⚡ Entry/Orders: Patiently wait for pullback to 0.1587 - 0.1617 zone for staged buy entries. Strictly avoid market-price chasing at highs.

🛑 Stop Loss: 0.1587

🚀 Target 1: 0.1736

🚀 Target 2: 0.1796

🛡 ️Trade Management:

- Execution Strategy: Upon reaching Target 1, reduce position 50% and move stop loss up to entry price. Let remaining position run for Target 2. If price drops back to entry level, auto 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 is that despite rapid price acceleration, open interest remains stable and funding rates are negative—a classic short squeeze signal showing forced short covering. Order book data shows buy depth significantly exceeds sell depth with dense support below. 4-hour timeframe has formed a bullish engulfing pattern, confirming trend reversal in the short term.

View Live Chart 👇 $FET

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