$WCT Do you bleed before the explosion? A price collapse may precede a fire rebound. Here are the opportunities for smart entry or exit.
$WCT Technical analysis of currency
#WCTUSDT Daily frame
Current price 05326 USDT
Daily change minus 945 percent
Notes from the indicators
Candles experienced a sharp collapse after the price reached the peak of 12941
RSI at 3387 is approaching the oversold zone below 30, indicating a potential near-term rebound
Bollinger indicator: the price broke the lower limit DN at 03081, indicating strong selling pressure
MACD is in a negative state, but there are signs of slowing down in the downward momentum
Expected scenario
The price is in a state of violent correction after a strong pump, so it is unwise to enter now without confirmation
Strong support between 050 and 048
The first resistance at 060
The ideal correction zone between 045 and 050
$WCT Suitable trading strategy
Precise entry strategy for professional risk-takers
Entry point: wait for a strong rebound candle above 055 or gradual entry between 051 and 053
First target 060
Second target 070
Stop loss at 0475 with daily candle close
#wct #WCTKING