【$WET Signal】Long - 1H pullback confirmation, main force clearly protecting the market

$WET On the 1H timeframe, after a sharp rally, a healthy pullback is underway, with the price consolidating around 0.1215. The 4H timeframe has formed a strong breakout structure, and the current price is far from the 1H moving average, so a pullback for entry is needed. The key point is: open interest remains stable, while the funding rate is as high as -0.1132%, indicating a strong short squeeze expectation. The buy order depth in the 0.1213-0.1214 range is unusually thick, showing that the main force is protecting the market at critical levels and rejecting deep pullbacks.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.1112 - 0.1137 (patiently wait for a pullback into the optimal entry zone)

🛑Stop loss: 0.1050

🚀Target 1: 0.1270

🚀Target 2: 0.1350

🛡️Trade management:

- Execution strategy: split position into two batches, first batch around 0.1125, second batch around 0.1115. After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. The remaining position aims for Target 2. If the price falls below 0.1180 and rebounds are weak, consider taking profit early.

Order book logic: The 4H timeframe has closed with consecutive bullish candles, breaking through the previous consolidation zone, indicating a trend reversal to bullish. Although the 1H RSI is at a high of 71, showing short-term overheating, this is precisely the reason to wait for a pullback. The negative funding rate combined with stable open interest suggests that bears are still adding positions, while the price remains firm, easily triggering a short squeeze. Market depth shows dense buy orders around 0.1213, forming the first line of defense. Market logic indicates that rising prices with stable open interest are driven more by main force entering rather than purely short covering, implying higher quality upward movement.

View real-time market 👇 $WET

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