【$WET Signal】Long - 1H Pullback Confirmation, Negative Fee Rate Short Squeeze Play

$WET The 1H timeframe is consolidating strongly above the EMA20 (0.1146), just completing a test and pullback from the previous high of 0.1246. The 4H timeframe has stabilized above EMA20 (0.1050), indicating a trend reversal to bullish. The current price is gathering strength in the middle of a large bullish candle on the 4H chart, forming a typical strong consolidation pattern. The negative fee rate is as high as -0.2186%, yet the price remains firm, open interest is stable, and there is potential for a short squeeze.

🎯Direction: Long (Long)

⚡Entry/Order: 0.1180 - 0.1190

🛑Stop Loss: 0.1130

🚀Target 1: 0.1245

🚀Target 2: 0.1290

🛡️Trade Management:
- Position Size Recommendation: Light position
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.1180. For the remaining position, aim for Target 2. If the 1H closing price falls below EMA20 (0.1146), exit all positions.

Deep Logic: Market data shows that after a 13% increase, the price has not experienced a significant pullback. The 1H RSI (57.62) is in a healthy zone, indicating potential for further upward movement. The 4H order book depth (bid_ask_ratio_depth 0.93) shows solid support below. The key point is the strong price action in a negative fee rate environment. If the bears cannot push the price below the 1H EMA20, it may trigger a new round of short squeeze and upward movement. The entry zone is tightly aligned with the current consolidation lower boundary, offering an excellent risk-reward ratio.

View real-time market 👇 $WET

---

Follow me: Get more real-time analysis and insights on the crypto market!