🚨$WCT /USDT Reversal Watch — Bounce Brewing?📈🔥
💰 Trade Signal:
Entry Zone: $0.4745 – $0.4785
🎯 Target 1: $0.498
🎯 Target 2: $0.512
🛑 Stop Loss: $0.467
⏱️ Timeframe: Short-term scalp (15m – 1h)
📊 Technical Analysis:
🔻 Heavy Selloff: $WCT plunged over 10.2% on the day, tagging a new low at $0.4737, but showing signs of a possible local bottom.
🟢 Initial Rebound: Price just bounced slightly off the low with a green candle reclaiming short-term momentum — often a dead cat bounce setup that could evolve into a stronger recovery if volume follows.
📈 Moving Averages:
MA(7) at $0.4791 acting as near-term resistance — flipping this level is critical.
MA(25) at $0.4873 is the next hurdle — a break above may trigger momentum toward MA(99).
MA(99) sits at $0.5085, aligning with the breakout target range shown by the red arrow.
📉 Trend Context:
This is still a bearish overall structure, but we are now watching for a potential relief rally or short squeeze as bears may start to take profits.
🔊 Volume Insight: Decent tick-up on volume near the bottom — early bulls possibly stepping in.
🎯 This is a high-risk/high-reward bounce play. Confirm with a bullish 15m or 30m candle close above $0.479 before full entry.