$WET Support around EMA20 (0.1153) at the 1H level, with the price oscillating narrowly between 0.115-0.117, is building a new attack platform. The 4H level remains above EMA50 (0.0956), indicating the medium-term trend remains unchanged, currently a healthy correction. Negative funding rate (-0.0538%) combined with stable open interest (OI) suggests that bears are still paying fees, and the risk of a short squeeze persists.

🎯Direction: Long (Long)
⚡Entry/Order: 0.1150 - 0.1160
🛑Stop Loss: 0.1105
🚀Target 1: 0.1225
🚀Target 2: 0.1270
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position for Target 2. If the price pulls back and breaks below the entry average, exit all.
Depth logic: The order book shows buy orders accumulating around 0.1153 (18,603 contracts), forming an initial support wall. The 1H RSI (51.88) is in a neutral zone with room to turn upward. Although the latest 4H candlestick closed lower, volume has decreased, indicating a volume-contraction correction. Combined with the negative funding rate and stable OI, the main force’s intention to defend the price is clear, and the correction is a low-entry opportunity. Key support below is near the previous low of 0.1106 on the 4H level; breaking below would damage the short-term structure.
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