【$WET Signal】Pullback to go long, 4H level short squeeze structure

$WET 4H level: a single massive bullish candle breaks above the Bollinger upper band, followed by a pullback to EMA20. The 1H MACD shows a double-line death cross at high levels, but the price keeps holding tough in a sideways consolidation in the 0.145-0.147 range, with sell pressure being quickly digested. The order book depth shows sell orders are sparse; buy orders are 1.6 times thicker than sell orders, and the intention to provide capital support is fully exposed. Combined with a -0.195% negative funding rate, shorts are passively paying their costs, and a short squeeze structure is in the process of forming.

🎯Direction: Pullback to go long

⚡Entry/Orders: Within the 0.11042 - 0.14678 range, actively enter when the price pulls back near 0.1310 (1H EMA20).

🛑Stop loss: 0.10428

🚀Target 1: 0.14738

🚀Target 2: 0.14797

🛡️Trade management: - Execute strategy: After price reaches Target 1, cut the position in half; move the stop loss for the remaining position up to the entry price. If the price cannot hold above the 1H EMA20, exit proactively.

Current position size is stable. After a massive surge, there has been no panic selling—this is a feature of strong consolidation. In a negative funding rate environment, shorts’ holding costs continue to rise, and any small rally in price could trigger a chain of stop-loss buy orders. The risk-reward ratio at this spot requires an accurate entry point for optimization; blindly chasing highs is not the way, but the odds of a proactive pullback setup are sufficiently favorable.

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