【$WET Signal】1H pullback confirmation, negative fee rate short squeeze battle
$WET The 1H timeframe experienced a sharp rise yesterday and is now entering a healthy pullback. Currently, the price is consolidating around 0.1048, with the 1H EMA20 (0.1034) providing dynamic support. After a volume breakout on the 4H timeframe, the current candlestick is a high-level doji star, indicating a strong consolidation pattern. The key point is: the negative fee rate is as high as -0.3339%, yet the price remains firm and open interest (OI) is stable. This is a typical short squeeze (Short Squeeze) setup, with very high short positions cost.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1045 - 0.1050 (Near current price)
🛑Stop loss: 0.1008 (Break below the previous 4H low and psychological level 0.1010)
🚀Target 1: 0.1128 (Previous high and 4H resistance)
🚀Target 2: 0.1220 (Near historical high)
🛡️Trade management:
- Position suggestion: Light position (Reason: Intraday volatility is high, and the 4H has already surged significantly, so profit-taking should be considered)
- Execution strategy: When the price reaches 0.1128, reduce position by 50%, and move the remaining stop loss up to the entry price of 0.1045. If the price strongly breaks through 0.1128 and stabilizes, hold the remaining position towards target
View real-time quotes
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
