Trade Plan for $WCT

*Current Price Analysis:*

- *Current Price*: $0.4078

- *Volume SMA*: 286.051 (indicates average trading volume)

*Support and Resistance Levels:*

- *Support Levels*:

- *S1*: $0.40 (psychological level and potential support)

- *S2*: $0.395 (further support if price breaks below S1)

- *Resistance Levels*:

- *R1*: $0.415 (immediate resistance level)

- *R2*: $0.425 (stronger resistance if price breaks above R1)

*Trade Plan:*

- *Buy Signal*: Consider buying if the price bounces off S1 ($0.40) with increased volume and a bullish candlestick pattern.

- *Sell Signal*: Consider selling if the price hits R1 ($0.415) and shows signs of rejection with increased volume and a bearish candlestick pattern.

*Predictions:*

- *Price Movement*: Given the current indicators, the price might move towards R1 ($0.415) if buying pressure increases. Conversely, if selling pressure dominates, the price could test S1 ($0.40).

- *Trend*: The moderate ADX value suggests a developing trend. If the price breaks above R1 or below S2, it could indicate the start of a stronger trend.

*Risk Management:*

- *Stop Loss*: Set a stop loss below S2 ($0.395) to limit potential losses if the price moves against the trade.

- *Take Profit*: Consider taking profit at R1 ($0.415) or R2 ($0.425) if the price reaches these levels with strong buying momentum.

This trade plan is based on the current technical indicators and support/resistance levels. Traders should monitor the market closely and adjust their strategies according to changing market conditions.

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Hit the chart below to start the trade