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$WET Signal】Short squeeze pullback, aiming for a secondary surge
$WET On the 1H timeframe, after experiencing a massive rally, the price is consolidating at high levels, with initial support above the EMA20(1H). An epic bullish candle on the 4H timeframe confirms a bullish trend, currently a healthy correction. The negative funding rate is as high as -1.49%, yet the price remains firm and open interest (OI) is stable. This is a typical short squeeze structure, with bears still paying high costs, accumulating energy for a second rally.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1080 - 0.1100 (R