【$WET Signal】Waiting for a pullback, betting on a second surge

$WET 1H RSI skyrocketed to 79.65, and the 4H level even reached 84.59, indicating buying power has been overextended. The upper band of the 4H Bollinger Bands was directly broken through, with the price trading above 0.1830, which is a typical overbought zone. Although the MACD on the 1H and 4H levels is still expanding, the histogram bars are beginning to flatten, showing signs of weakening bullish momentum. The order book depth is imbalanced and negative, with thicker sell orders, and resistance is forming above.

Chasing high at this position carries much greater risk than potential reward, making the risk-reward ratio highly unfavorable. Waiting for a price pullback to confirm support is a more rational choice.

🎯Direction: Pullback to place buy orders

⚡Entry/Order: Within the 0.12264 - 0.18292 range, focus primarily on the support near 0.1454 (1H EMA20).

🛑Stop loss: 0.10985

🚀Target 1: 0.14824

🚀Target 2: 0.16104

🛡️Trade management:
- Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above the 1H EMA20, consider exiting early.

Funding rates are slightly negative, but open interest remains stable, indicating that large-scale short positions are not entering, more likely profit-taking by longs. On the 1H level, observe whether the price can find effective support near EMA20 (0.1454) or EMA50 (0.1249) and form new buying interest. The 4H MACD golden cross is still open, and the larger trend remains intact, but short-term overbought pressure needs to be digested. The key is whether volume diminishes during pullbacks and whether buy-side depth can recover quickly.

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