WCTShortTrade
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$WCT is experiencing a parabolic rally but hitting resistance near $0.7197, showing signs of rejection. A short trade setup is identified with the following parameters :
- *Entry Zone:* $0.7050 - $0.7150
- *Take Profit Targets:*
- *TP1:* $0.6850
- *TP2:* $0.6650
- *TP3:* $0.6450
- *Stop Loss:* $0.7250
*Key Levels:*
- *Resistance:* $0.7200 (strong supply zone)
- *Support:* $0.6650 (structure base before breakout)
The market shows exhaustion candles and long upper wicks, hinting at a possible reversal or healthy pullback. Consider using a trailing stop and look for confirmation with a bearish engulfing or RSI divergence before entering the trade.
#WCTShortTrade #CryptoAnalysis #ResistanceLevel #Shorting #TradingAlert $WCT
- *Entry Zone:* $0.7050 - $0.7150
- *Take Profit Targets:*
- *TP1:* $0.6850
- *TP2:* $0.6650
- *TP3:* $0.6450
- *Stop Loss:* $0.7250
*Key Levels:*
- *Resistance:* $0.7200 (strong supply zone)
- *Support:* $0.6650 (structure base before breakout)
The market shows exhaustion candles and long upper wicks, hinting at a possible reversal or healthy pullback. Consider using a trailing stop and look for confirmation with a bearish engulfing or RSI divergence before entering the trade.
#WCTShortTrade #CryptoAnalysis #ResistanceLevel #Shorting #TradingAlert $WCT
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