【$WIF Signal】Pullback to add longs + 1H level bottoming rebound

$WIF The 1H timeframe is oscillating around a critical support zone, repeatedly testing the 0.174-0.176 range, with significant buy depth. Although the 4H cycle remains under pressure below the EMA20, the 1H RSI has rebounded from oversold territory to 46.64, indicating short-term downside momentum is weakening. Open interest remains stable with no signs of panic selling, combined with a negative funding rate, suggesting potential for a short squeeze rebound.

🎯 Direction: Long (pullback orders)

⚡ Entry/Order: 0.1738 - 0.1744

🛑 Stop Loss: 0.1687

🚀 Target 1: 0.1858

🚀 Target 2: 0.1915

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the remaining stop loss to the entry price. If the price fails to hold above the entry zone and drops below 0.1740, abandon this trade.

Depth Logic: Market depth data shows buy orders significantly outweigh sell orders, with an imbalance of 2.55%, indicating strong support below. The 1-hour chart has tested around 0.174 multiple times and was quickly pulled back, forming a local support level. Negative funding rates imply shorts need to pay fees, and a rebound could trigger a chain reaction of short covering. Currently, the price is far from the 1H EMA20, making chasing high risky. Patience and waiting for a pullback to an optimal entry zone is the better approach.

View real-time quotes 👇 $WIF

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