【$FET Signal】Long | 4H Volume Breakout + Negative Funding Rate Squeeze + Bid Accumulation

The 4-hour candle completed a key breakout during the 12:00-16:00 period. Price rallied from 0.1906 to 0.2047, with trading volume surging to 105 million, marking the highest single candle volume recently, confirming major capital inflow. Open Interest (OI) remains stable at the high of 134 million USD with no profit-taking signals, validating the breakout's effectiveness.
Current price faces selling pressure at the 0.20 key round number, but the order book shows significantly stronger bid depth than ask depth. The 0.198-0.199 range has accumulated over 1.3 million buy orders, forming solid support, while upper asks (above 0.2001) are relatively sparse. Funding rate at -0.0441%, short positions bear high carrying costs.
1-hour RSI reaches 74.85, 4-hour RSI reaches 72.16, indicating short-term overbought conditions, but this is typical after a strong breakout, not a reversal signal. Price has firmly established above the 4-hour EMA20 (0.1804) and EMA50 (0.1684), with the mid-term trend structure turning bullish.

🎯Direction: Long

⚡Entry: 0.1985 - 0.1995 (Enter on pullback to dense bid cluster)

🛑Stop Loss: 0.1968 (Break below previous 4-hour candle low and lower bound of major buyer cluster)

🚀Targets: 0.2080 / 0.2150

🛡️Strategy: Reduce position by 50% at 0.2080, move stop loss for remaining position to entry price, risk-free pursuit of second target.

Logic: Current market structure is a classic "negative funding rate squeeze" setup. Shorts have not significantly closed positions after the breakout, continuously paying high funding fees, becoming "fuel" for longs. Below, bid accumulation is mountainous, locking in limited room for deep pullbacks. Major players use the psychological pressure of the round number (0.20) for washouts; once bids absorb the selling at this level, upper resistance becomes sparse, and price will rapidly move toward 0.208 (previous high extension) and 0.215 (measured move target). The upside is the path of least resistance.
View live chart 👇 $FET
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