Bullish momentum observed , following Coinbase's support announcement for $WCT on the Optimism network. Price surged from $0.32 to $0.3375, breaking above resistance at $0.33. Immediate support is now at $0.32, with resistance at $0.34.
Fibonacci Levels:
No specific Fibonacci retracement data available; however, the recent breakout suggests potential upside targets. Previous analysis indicates a 1.618 extension near $0.75.
RSI:
RSI is currently at 63.26, indicating a bullish trend with room for further upside.
Entry Zones:
Safer: Around $0.32, near recent support.
Aggressive: On dips to $0.31, if retested.
Take-Profit Zones:
TP1: $0.34, aligning with recent resistance.
TP2: $0.50, targeting the 1.618 Fibonacci extension.
Stop-Loss Ideas:
Conservative: Below $0.30, to account for potential pullbacks.
Tight: Around $0.31, just below recent support.
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š Summary Table
Category Levels / Notes
Trend Bullish since Aug 14; support at $0.32; resistance at $0.34
Fibonacci Levels No specific retracement; 1.618 extension near $0.75
RSI 63.26 (bullish with room for upside)
Entry Zones Safer: $0.32; Aggressive: $0.31
Take-Profit Zones TP1: $0.34; TP2: $0.50
Stop-Loss Ideas Conservative: $0.30; Tight: $0.31
