💡 Quick Technical Analysis:
✅ Bounce from Key Support! After dipping to $0.4747, WCT has stabilized around $0.4907 – showing signs of consolidation after the recent pullback.
✅ RSI Shows Strength! The RSI is sitting at 56.83, indicating that WCT is in healthy territory – not overbought, not oversold. This means there's still plenty of room to move in either direction.
✅ MACD is Turning Positive! With a MACD value of 0.0014 and lines converging, momentum is slowly shifting in the bull's favor. Watch for a bullish crossover confirmation!
✅ Strong Previous Rally! WCT surged to $0.6658 recently – proving it has breakout potential when volume and sentiment align.
📊 Expected Scenario:
If WCT breaks above $0.50 and holds, it may aim to retest the $0.54–$0.58 resistance zone. A break above that could lead to a retest of the $0.66 peak.
However, a drop below $0.47 would weaken this structure and could lead to a retest of the $0.45 area.
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Tips for You:
1. Keep an eye on volume – low volume = consolidation, rising volume = potential breakout.
2. Use stop-loss orders below $0.47 to manage your risk smartly.
3. Don't chase pumps – let the market confirm direction before entering.
My Opinion:
WCT looks promising – it's recovering from a dip and showing signs of strength. If it breaks above the $0.50 mark with strong volume, we might see an exciting move. But caution is key – always trade with a plan!
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📢 Do you think WCT will reclaim $0.60 soon? Or is it just another fakeout? Let’s discuss! #wct #Write2Earn
The next few candles could define the short-term trend – are you ready?