Technical Analysis – WCT/USDT (1H Chart)

24H High / Low: $0.6998 / $0.6167

24H Change: +4.28%
Volume (WCT): 35.39M
Volume (USDT): 23.27M

Indicators Overview:

  • MA(7): $0.6603 – price is sitting right on short-term MA, signaling a decision point.

  • MA(25): $0.6555 – currently trading above this, indicating short-term strength.

  • MA(99): $0.6229 – long-term bullish bias intact with price well above.

  • 🛑👇

  • Support: $0.6167 (recent swing low)

  • Resistance: $0.6998 (recent high)

Trade Signal $WCT

  • Bullish Bias while price remains above $0.6550 (MA25).

  • Entry Zone: $0.6540–$0.6600 (ideal buy-the-dip area near MA25 support).

  • Target 1: $0.6840

  • Target 2: $0.6980 (test of 24h high)

  • Stop Loss: $0.6390 (below last bullish base structure)

Risk/Reward Potential:

~1:2.5 with entry around $0.6560, targeting top of the range.

Volume Analysis:

Decreasing volume on recent green candles suggests weakening buying pressure; however, the absence of heavy sell volume is a good sign for continuation after a potential short-term pullback.

Candle Structure:

A small red candle formed after a multi-candle push up, hinting at possible consolidation or a minor correction before another move.

Momentum Outlook: Favorable short-term bullish continuation if the pair holds above $0.6550 with increasing volume.

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