🚀 WCT (WalletConnect) Long Trading Strategy: Is It Time to Ride the Next Wave?
WalletConnect Token (WCT) is showing signs of renewed bullish momentum as its price hovers around $0.37, up slightly in the past 24 hours. With strong fundamentals and growing adoption across Web3 ecosystems, WCT might be gearing up for a potential breakout.
Key Technical Levels to Watch:
Entry Zone: $0.37 – $0.38 (current price range)
Breakout Confirmation: Above $0.57 – $0.60
Targets: $0.75 – $0.80 (short-term), $1.00+ (mid-term)
Stop-Loss: $0.34 to limit downside risk
Why WCT Could Rally?
Massive Ecosystem Growth: Over 15M+ monthly WalletConnect connections and strong Web3 adoption.
Technical Setup: Price consolidating with bullish moving averages; breakout above $0.60 could spark momentum.
Exchange Support: Listed on major exchanges like Binance, boosting liquidity and investor interest.
Strategy:
Aggressive Long: Enter near $0.37–$0.38 with stop-loss at $0.34.
Swing Trade: Wait for breakout above $0.57–$0.60 and target $0.80+.
Scalping: Trade the $0.36–$0.39 range for quick intraday gains.
⚠️ Risk Tip: WCT remains volatile and is influenced by BTC market trends and token unlock events. Keep position sizes small and use strict risk management.
DYOR No Financial advice!