【$WET Signal】Pullback to add longs, short squeeze game under negative funding rate

$WET After a violent surge on the 1H timeframe, high-level consolidation, RSI soaring to 86, clear buy-side gap. The upper band of the 4H Bollinger Bands was directly broken through, MACD double lines accelerating expansion, but open interest remains stable, funding rate at -0.4173%, bears are paying high costs.

🎯Direction: Watch and wait (pullback to add longs)

⚡Entry/Order: Within the 0.10250 - 0.14240 range, prioritize anchoring around 0.1025.

🛑Stop loss: 0.10079

🚀Target 1: 0.14375

🚀Target 2: 0.14432

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect principal.

This rapid surge followed by a negative funding rate structure often accompanies intense shakeouts. The EMA50 on the 1H chart forms dynamic support at 0.1029, coinciding with the lower boundary of the suggested entry zone. Market depth shows buy orders are 15.93% thicker than sell orders, indicating decent willingness to absorb downward. The current risk-reward ratio is acceptable, but chasing high directly is very risky. Patience and waiting for the price to retest key moving averages is a more rational choice.

Check real-time market 👇 $WET
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate13周年Dr.Han公开信 $BTC $ETH $SOL