After experiencing a massive surge, the
$WET 1H level is currently consolidating at high levels, with the price receiving initial support above the EMA20(1H). A legendary bullish candle on the 4H chart confirms a bullish trend, currently representing a healthy correction. The negative funding rate is as high as -1.49%, yet the price remains firm and open interest (OI) is stable. This is a typical short squeeze structure, with bears still paying high costs, accumulating strength for a secondary rally.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1080 - 0.1100 (Reason: Support zone at 1H EMA20 and