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【$WET Signal】Pullback to go long, 1H level funds clearly support the bottom
$WET 1H level rebound and fall back, price retraced from 0.1699 to around 0.136. The upper band of the 4H Bollinger Bands at 0.1313 has been pierced, but the MACD histogram is still expanding, and the long-term trend remains intact. Key support zone formed by the 1H EMA50 (0.1094) and the 4H midline (0.0997). Market depth imbalance -4.70%, sell orders slightly thicker, but funding rate at -0.2483%, short positions have a relatively high cost, with potential for short squeeze.
🎯Direction: Pullback to buy
⚡Entry/Order: Buy in batches between 0.10641 - 0.13607
🛑Stop loss: 0.10248
🚀Target 1: 0.13686
🚀Target 2: 0.13741
🛡️Trade management:
- Execution strategy: Reduce half of the position after the price reaches 0.13686, and move the remaining stop loss up to the entry price. If it directly breaks below 0.10248, exit decisively.
Although the MACD fast and slow lines on the 1H are narrowing, they are still above the zero line. The 4H EMA20 has significantly crossed above EMA50, indicating a bullish medium-term alignment. Current volume has fallen from massive levels, which is normal cooling after a sharp rise, and stable open interest suggests no large-scale capitulation. This risk-reward ratio is worth trying, with patience key at the entry point.
Check real-time market 👇 $WET
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