【$FET Signal】Pullback and Long, Right Side Confirmation
$FET 1H level volume contraction pullback to EMA20, price gaining initial support around 0.255. 4H MACD histogram contracting but still above zero axis, overall trend remains intact. Order book shows sell orders accumulating significantly above 0.256, while the 0.254-0.253 range below shows considerable buy order thickness, with funds' floor-supporting intention exposed. In negative funding rate environment, open positions remain stable, bears showing no active downward pressure.
🎯Direction: Long
⚡Entry/Orders: 0.2401 - 0.2463
🛑Stop Loss: 0.2376
🚀Target 1: 0.2809
🚀Target 2: 0.2982
🛡️Trade Management: - Execution Strategy: Reduce position by half when price reaches first target, move stop loss of remaining position up to entry price. If price fails to hold at 0.255 and breaks below EMA20 again, consider early exit.
Current 1-hour RSI retreating from highs into neutral zone, accumulating strength for next upward move. 4-hour price trading in upper half of Bollinger Bands, channel opening upward, bullish structure intact. This stabilization after pullback is worth a shot in terms of risk-reward ratio.
【$FET Signal】Pullback and Long, Right Side Confirmation
$FET 1H level volume contraction pullback to EMA20, price gaining initial support around 0.255. 4H MACD histogram contracting but still above zero axis, overall trend remains intact. Order book shows sell orders accumulating significantly above 0.256, while the 0.254-0.253 range below shows considerable buy order thickness, with funds' floor-supporting intention exposed. In negative funding rate environment, open positions remain stable, bears showing no active downward pressure.
🎯Direction: Long
⚡Entry/Orders: 0.2401 - 0.2463
🛑Stop Loss: 0.2376
🚀Target 1: 0.2809
🚀Target 2: 0.2982
🛡️Trade Management:
- Execution Strategy: Reduce position by half when price reaches first target, move stop loss of remaining position up to entry price. If price fails to hold at 0.255 and breaks below EMA20 again, consider early exit.
Current 1-hour RSI retreating from highs into neutral zone, accumulating strength for next upward move. 4-hour price trading in upper half of Bollinger Bands, channel opening upward, bullish structure intact. This stabilization after pullback is worth a shot in terms of risk-reward ratio.
Check live market 👇 $FET
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