【$WET Signal】Pullback to buy! 1H pullback confirmation, strong signs of main force supporting the market

$WET The 1H level is experiencing a healthy pullback after a rally, with the price gaining initial support above the EMA20 (0.0839). The 4H level is holding above the EMA50 (0.0820), indicating a shift from a weak to a strong overall trend. The last 1H candlestick's buying volume ratio sharply dropped to 0.44, showing short-term selling pressure release, making it an excellent sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0845 - 0.0848 (Reason: 1H EMA20 support zone & dense area of the previous 1H candlestick bodies )

🛑Stop loss: 0.0832 (Reason: Break below the key support of 4H EMA50 & below the low of the previous 1H candlestick )

🚀Target 1: 0.0871 (Reason: Recent high resistance level )

🚀Target 2: 0.0897 (Reason: 4H previous high & 1.382 Fibonacci extension level )

🛡️Trade management:

- Position size suggestion: Light position (Reason: Hot Coin has high volatility, strict risk control needed )

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

Depth logic: OI remains stable, and after an 11% increase, there was no large-scale liquidation, indicating traders' confidence. Market depth imbalance is 5.11%, with buy orders significantly thicker than sell orders, showing strong support below. The 1H RSI (58.16) has pulled back from high levels but not into overbought territory, preparing for further upward movement. Combined with positive funding rates, market sentiment is bullish. This pullback is a typical move by main players to clear out short-term floating positions.

View real-time market 👇 $WET

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