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【$WET Signal】Pullback to go long, 1H level funds clearly support the bottom
$WET On the 4H level, after a huge bullish breakout above the Bollinger upper band, it is currently pulling back with reduced volume. The 1H MACD histogram is shrinking, but the price repeatedly tests around 0.136, and selling pressure is quickly absorbed. Market depth shows an imbalance in buy orders -13.81%, with more short orders, but the price has not dropped smoothly, exposing the intention of funds to support the bottom.
🎯Direction: Pullback to go long
⚡Entry/Orders: Within the 0.10631 - 0.13630 range, the current price near 0.13698 can directly attempt a light long position, or place an order around 0.128 for a trap.
🛑Stop loss: 0.10248
🚀Target 1: 0.11397
🚀Target 2: 0.11779
🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining position with stop loss moved up to entry price. If the price cannot hold above 0.14, consider exiting early.
The current negative fee rate of -0.1658% is unfriendly to bears, with a possibility of short squeeze. The 1H EMA20 at 0.1248 forms a dynamic support, combined with the 4H Bollinger middle band at 0.0997, providing a clear support zone below. In this high-level oscillation, buying interest is active, and risk-reward ratio is appropriate.
Check real-time market 👇 $WET
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