WCT/USDT - 1H timeframe:

Price: $0.3011, down 11.96%

Volume: Decreasing over recent candles

Support zone: Around $0.2756

Resistance zone (highlighted box): Around $0.3225 - $0.3300

24h Range: $0.2756 (Low) to $0.3960 (High)

VSA Analysis:

1. Price Action and Volume

Strong rejection wick at $0.396: Indicates supply entered aggressively.

Decreasing volume on the sell-off: This suggests supply may be drying up.

Volume on the recent green candle is low: This bounce could be weak or just short covering, not strong demand.

2. Support and Resistance

Broke below the highlighted range: Indicates weakness.

Now retesting the bottom of that range (~$0.3225): Potential resistance zone now.

Unless price reclaims that zone with strength and volume, it's a classic bearish retest.

Conclusion:

Bias: SHORT (Bearish)

Reasoning:

Broke down from range

Low volume on bounce = weak demand

Retesting former support as resistance

Bearish MAs crossover

Trade Idea (short-term):

Entry: Around $0.31–$0.32 if rejection confirmed

Stop: Above $0.33–$0.335 (above resistance box)

Target: $0.2756 (previous low) or $0.2695

Disclaimer:

Trading crypto is risky and may result in losses. This is for educational purposes only not financial advice. Do your own research.

MR_BK is not responsible for your trades.

$WCT

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