【$WET Signal】Pullback to Long + Negative Fee Rate Short Squeeze Play

$WET 1H timeframe is in a healthy pullback after a strong rally, with the price finding initial support near EMA20 (0.1031). The 4H timeframe confirms an upward trend with a massive bullish candle, and the current pullback presents an excellent second entry opportunity. The negative fee rate is as high as -0.4763%, making short positions very costly. Once the price stabilizes, a short squeeze is highly likely.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1030 - 0.1035 (Reason: 1H EMA20 dynamic support zone, also the current consolidation lower boundary )

🛑Stop Loss: 0.1007 (Reason: Break below previous 1H candle low of 0.10085 and the integer level, with a stop loss around 2.5% )

🚀Target 1: 0.1120 (Reason: Previous 4H high resistance, also the first intra-day resistance level )

🚀Target 2: 0.1220 (Reason: Previous 4H high of 0.12216; breaking through opens up space )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Clear 4H trend, 1H pullback in place, favorable risk-reward ratio )

- Execution strategy: After reaching Target 1 at 0.1120, reduce position by 50%, and move the remaining stop loss up to entry price 0.1035. If the price strongly breaks through 0.1120 and stabilizes, move the remaining stop loss up to 0.1080 to aim for the second target.

Deep logic: 4H volume has surged significantly, indicating genuine buying strength. Although OI trend shows stability, in a negative fee environment, the price has not dropped sharply, indicating strong bullish support and immense bearish pressure. The 1H RSI (54.28) is in a healthy zone with room for further upward movement. The order book depth in the 0.1035-0.1036 range is unusually thick, clearly showing the main force’s intention to defend this level. This is a typical ‘time for space’ shakeout, preparing for the next rally.

View real-time market 👇 $WET

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