【$WET Signal】Short squeeze continues, pullback is a buy! 1H strong consolidation, main force clearly defending the market under negative funding rates

$WET The 1H timeframe is in a strong consolidation phase after a sharp rally, with prices ranging around 0.123, digesting profit-taking. The key point is: a single massive bullish candle (+23%) on the 4H chart directly reverses the downtrend, and the current extreme negative funding rate of -0.99% combined with firm prices sends a strong short squeeze signal. Stable open interest indicates that the main force has not exited. This is not a rebound; it’s the early stage of a trend initiation!

🎯Direction: Long (Long)

🎯Entry/Order: 0.1220 - 0.1235 (Gradually around the current price )

🛑Stop loss: 0.1170 (Below the 1H consolidation low and EMA20 support )

🚀Target 1: 0.1320 (Near previous high )

🚀Target 2: 0.1400 (Fibonacci extension level on the 4H chart )

🛡️Trade management:

- Position suggestion: Standard position (Reason: 4H bullish candle pattern, healthy 1H structure, negative funding rate provides a safety margin )

- Execution strategy: After entering, if the price quickly hits Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price. If the price retraces and stabilizes around 0.1200, it can be considered an opportunity to add positions.

Deep logic: The core of the market is “negative funding rate short squeeze.” After a 35% surge, open interest remains stable rather than decreasing, indicating that shorts have not surrendered en masse but are forced to hold at high levels. The funding rate of -0.99% means shorts pay a huge daily fee. The 1H RSI(69) has fallen from overbought to a healthy zone, preparing for another rally. Market depth shows buy orders at 0.1232 with 52K, far exceeding sell orders, indicating solid support below. This is a typical scenario where the main force uses capital advantage to squeeze out shorts. Before forced short covering, upward momentum will continue.

View real-time market 👇 $WET

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