FET · 1H · UPTREND

The short setup from my previous reads is dead. The invalidation at 0.1510 was reached and price didn't stop there — it ran straight through to 0.1544 and is now sitting at 0.1524, well above every level that defined the bearish thesis. That's a clean stop-out, and I'm starting fresh from that failure. What I see now is a sharp momentum push off the 0.1401 lows, all four EMAs stacked and curling up, and price running into the first dense liquidation cluster at 0.1583 above. The move is real, but I'm extended above the EMA 9 at 0.1505 and I haven't seen a pullback yet — this is exactly the time-correction-vs-price-correction question. Price is coming off a spike high near 0.1545 and drifting back slightly, not collapsing, with the short EMAs rising fast underneath. That looks more like time correction than a rollover, but I'm not chasing the spike — I want a pullback into the EMA 9/20 cluster to reload long with structure beneath me.

The daily trend is officially down — lower highs and lower lows on the higher timeframe — so this move is counter-trend on the daily. That raises the bar for a long: I need a confirmed hold, not just a bounce. The funding rate at 0.0100% per 8h is mild long-side bias, nothing extreme, so no squeeze risk on the long side yet. The liquidation map above is stacked: 0.1583 (dense), 0.1621 (dense), 0.1665 (dense) — those clusters act as magnets in sequence if buyers stay in control. Below, the 0.1462 cluster sits just above where the EMA 50/200 are rising through, which lines up neatly as the zone I'd want to see hold on any pullback.