【$FET Signal】Pullback to Long! 1H retracing EMA20 support, strong buy orders on the order book, clear signs of main force protecting the market

$FET The 1H timeframe is currently retracing the key EMA20 moving average support, with the price receiving buy orders around 0.1660. Although the 4H timeframe is in consolidation, the previous candle closed with a long lower shadow, indicating strong support below. Market depth data shows buy orders far exceed sell orders, with clear main force protection intent. This is a typical pullback entry point for long positions.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1658 - 0.1662 (Reason: 1H EMA20 support zone + dense buy orders on the order book )

🛑Stop Loss: 0.1645 (Reason: Break below the previous 4H candle low and the lower boundary of dense trading zone )

🚀Target 1: 0.1685 (Reason: Previous 1H high resistance )

🚀Target 2: 0.1705 (Reason: Previous 4H high and the 0.1700 round number )

🛡Trade Management:

- Position Size Recommendation: Standard position (Reason: Clear support on 1H, risk-reward ratio >1.5 )

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2; if price retraces to breakeven, exit all.

Depth Logic: Open interest (OI) remains stable, no panic selling during price decline, indicating not dominated by bears. 1H RSI (50.64) is in neutral zone with upward potential. Market depth imbalance of -0.32%, with large buy order volume, especially in the 0.1650-0.1660 range forming a solid support wall. This is a clear signal of main funds supporting at key levels. Coupled with a slightly positive funding rate, market sentiment leans toward healthy bullish accumulation.

View real-time quotes 👇 $FET

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