【$WET Signal】Pullback with multiple attempts to rally, secondary surge at 1H consolidation end

$WET The 1H timeframe has experienced a massive rally and is now in a high-level shrinking consolidation phase. The price oscillates within the 0.107-0.112 range, with the 1H EMA20 (0.1028) forming a dynamic support below. The 4H strong bullish candle confirms strength, and the current candlestick is a high-level doji star, indicating a healthy pullback. The negative funding rate is as high as -0.7755%, with potential for a short squeeze, and stable open interest suggests funds have not exited, a typical sign of bullish accumulation.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1075 - 0.1085 (Reason: Lower boundary of 1H consolidation zone & support area of previous hour’s low)

🛑Stop Loss: 0.1058 (Reason: Break below recent consolidation low of 0.10723 and ATR(0.0068) lower band)

🚀Target 1: 0.1150 (Reason: Previous high resistance zone and 1H Fibonacci 0.618 retracement level)

🚀Target 2: 0.1220 (Reason: All-time high, challenging previous high of 0.12216)

🛡Trade Management:

- Position suggestion: Light position (Reason: Hot coin with high volatility, risk control needed during high-level battles)

- Execution strategy: After entering, if the price rebounds smoothly above 0.1120, move the stop loss to break even at entry price. After reaching Target 1, reduce position by 50%, and move the remaining stop loss to 0.1120 to aim for Target 2.

Deep logic: Market depth shows an abnormal concentration of buy orders around 0.1078 (over 100,000 USDT buy orders), forming a protective barrier, indicating strong support from main players. The 1H RSI(61.89) has healthy retracement from overbought, providing room for a second upward move. The 4H buy/sell ratio once reached 0.51, indicating genuine buying pressure. The current volume contraction offers an excellent second entry opportunity, with main players leveraging the negative funding environment to trigger a short squeeze.

View real-time market 👇 $WET

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