$WCT Short Trade Signal – Bearish Structure Holds Below Key EMAs
📉 Momentum Description:
WCT is trading at $0.3022, down 3.39%, holding just above its 24h low of $0.3019. The price remains below all major EMAs, confirming a strong bearish bias with no immediate reversal signs.
📊 Key EMAs:
EMA(7): $0.3052
EMA(25): $0.3086
EMA(99): $0.3171
📍Bearish Indicators:
Price is below EMA(7), EMA(25), and EMA(99), forming a clear descending structure.
The near-touch of the 24h low signals weak support and vulnerability to further downside.
EMA(25) acts as a mid-term resistance, capping bounce attempts.
📍Support Levels:
$0.2950 – psychological round level
$0.2850 – potential deeper dip target
📍Resistance Levels:
$0.3052 – EMA(7), short-term barrier
$0.3086 – EMA(25), key turning point
$0.3171 – EMA(99) & long-term trendline
$0.3157 – 24h high
🎯 Trade Setup:
Entry: $0.3015 – $0.3035 (current zone or small bounce)
Stop Loss: Above $0.3086
Take Profit:
TP1: $0.2950
TP2: $0.2850
📉 Invalidation:
A break and hold above EMA(25) ($0.3086) weakens this bearish setup. Look for a bullish close with volume above that level before flipping bias.
📈 Alternative Reversal Setup:
If WCT breaks above $0.3086 with volume, a short-term long trade may be considered. Target would shift to $0.3170+ with SL below $0.3050.
⚠️ Risk Note:
Watch for oversold RSI or unexpected volume spikes for bounce/reversal clues.
Stick to tight position sizing (1-2% per trade) in choppy or low-confidence zones.
