Technical Analysis on $WCT

Current Price: $0.8664 (+34.47%)

24h High/Low: $0.9520 / $0.6372

Volume: Increasing significantly – shows strong market interest.

Indicators Overview:

1. Moving Averages:

MA(7): $0.8646 (price still holding slightly above it)

MA(25): $0.7969 (bullish cross happened earlier)

MA(99): $0.7253 (price far above – strong uptrend confirmation)

Early signs of sideways or a minor pullback after the recent sharp run-up.

Price Action Insights:

Sharp spike to $0.952 followed by a healthy retracement to $0.867.

Current price is retesting support at MA(7) and previous breakout level ($0.8493 - $0.8670).

Conclusion: Bullish or Bearish?

Short-Term Trend: Bullish

However: Cooling off from a sharp move; possible minor pullback or sideways before next leg up.

Trade Signal Setup (Spot Trade or Quick Futures Swing)

Buy Entry Zone: $0.8500 – $0.8700 (accumulation/retest zone)

Stop-Loss: $0.7950 (below MA(25) and breakout base)

Position Size: Adjust based on your risk tolerance and capital.

Targets:

1. Target 1: $0.9150 – minor resistance & recent candle high

2. Target 2: $0.9520 – 24h high

3. Target 3: $1.0200 – psychological breakout if bullish pressure continues

Final Verdict:

Trend: Bullish

Condition: Healthy retest; not a reversal.

Risk Note: Watch for consolidation if RSI and KDJ decline further. Break below MA(25) would weaken the setup.

Buy And Take Profit $WCT