【$WET Signal】Short squeeze rebound, 1H level secondary surge imminent

$WET The 1H level has experienced a massive rally and is currently consolidating strongly at high levels. The 4H level has formed a volume breakout structure, and the current price is pulling back to the 1H EMA20 (0.1013). Coupled with a very high negative funding rate of -0.83%, there is a strong expectation of a short squeeze rebound, making this an excellent entry point for a secondary surge.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1085 - 0.1100 (Reason: The 1H level is pulling back to the EMA20 support zone, which is also the 0.382 Fibonacci retracement of the previous rally )

🛑Stop Loss: 0.1045 (Reason: Falling below the previous low on the 1H level and the EMA50 support indicates a failed pullback )

🚀Target 1: 0.1180 (Reason: Previous high resistance zone, also the first resistance after the 4H rally )

🚀Target 2: 0.1250 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size: Light (Reason: Significant intraday rally with extremely high volatility )

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

Deep Logic: A single massive bullish candle on the 4H chart (volume 142M) directly reversed the downtrend, indicating strong participation by major funds. Although the current open interest trend is stable, the extremely high negative funding rate (-0.83%) suggests huge costs for short positions, and any stabilization in price could trigger short covering squeezes. The 1H RSI (64.12) has fallen back from overbought territory, preparing for another upward move. The order book depth shows significant buy-side support (bid_ask_ratio_depth: 1.09), indicating strong support below.

View real-time market 👇 $WET

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