【$WET Signal】Short squeeze rebound continues, 1H level pullback to buy

$WET The 1H level has experienced a massive rally and is currently in a healthy pullback correction phase. A legendary 4H bullish candle (+23%) has directly reversed the downward trend. The current price is above the 4H EMA20, indicating a strong correction. The key point is: the coexistence of a huge negative funding rate (-0.7222%) and firm price action, along with stable OI. This is a typical short squeeze structure, with enormous short covering pressure. Any pullback fuels the bulls.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1160 - 0.1185, staggered entries

🛑Stop Loss: 0.1100 (Below the middle of the 4H bullish candle and previous support)

🚀Target 1: 0.1280 (Near previous high)

🚀Target 2: 0.1350 (Extension based on ATR measurement)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday volatility is extremely high, beware of sharp shakeouts)

- Execution strategy: Use staggered entries. After reaching Target 1, reduce position by 60%, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.1280, move the remaining stop loss to 0.1220 to aim for Target 2.

Deep logic: Market logic suggests “price rises, combined with position volume analysis,” while OI remains stable, ruling out pure long liquidation. It appears more like a short squeeze driven by major players. The 4H RSI is at 69.76, not in extreme overbought territory, leaving room for further upside. Although there is no data at the 1H level, the momentum on the 4H chart is sufficient to drive intraday swings. The core game revolves around short covering under negative funding rates. As long as the price does not fall below the key support at 0.11, the short squeeze logic will persist.

Check real-time market 👇 $WET

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