$WET Signal】After a massive surge, wait for a pullback, and set orders below for ambush


$WET 1H timeframe: After a huge spike and pullback, the upper band of the 4H Bollinger Bands at 0.1321 has been broken, current price at 0.1399 is close to the 1H upper band. MACD histogram on the 4-hour chart is still expanding, but on the 1-hour chart, the histogram has started to contract, indicating a momentum divergence. The order book shows a 15.33% imbalance between buy and sell orders, with active sell pressure beginning to emerge.

Price surged violently from 0.107 to 0.17, short-term profit-taking is very heavy. The current risk-reward ratio is not ideal; chasing the high involves much greater risk than potential reward.

🎯Direction: Wait and see, look for a pullback to go long

⚡Pending orders: Place orders in the range of 0.10661 - 0.13924 along the lower boundary, specifically around 0.1066 for entry.

🛑Stop loss: 0.10258

🚀Target 1: 0.11467

🚀Target 2: 0.11870

🛡️Trading management:
- Execution strategy: After order fill, reduce half of the position at Target 1, move the stop loss on the remaining position to the entry price. If the price cannot hold above the 1H EMA20 (0.1217), consider exiting early.

Funding rate: -0.366%, short position costs are high, but the price has not shown strong upward momentum, indicating that bulls are losing strength. The 1-hour volume significantly shrank after the spike, with insufficient buying follow-through. This level is more suitable for waiting for a deep profit-taking correction rather than chasing the rally. The 4-hour EMA50 (0.1031) overlaps with the lower boundary of the suggested entry zone, forming a strong support zone.

View real-time market 👇 $WET
---
Follow me: Get more real-time analysis and insights into the crypto market!
#Gate13周年Dr.Han公开信 $BTC $ETH $SOL
WET39.73%
BTC1.48%
ETH1%
SOL1.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin