$WCT TIGHT RANGE FORMING: EXPLOSIVE MOVE LOADING?
WCT is currently trading at $0.3905, hovering near the upper end of its consolidation range. After several failed breakdowns and a recent uptick in volume, the market appears coiled for a sharp breakout—or a trap. Momentum is neutral, but pressure is slowly building.
Key Levels to Watch
Resistance Zones:
• $0.3915 – Immediate resistance; break here could trigger upside
• $0.3940 – Upper consolidation edge
• $0.4000 – Psychological barrier and short-term bullish breakout zone
Support Zones:
• $0.3890 – Short-term support being tested
• $0.3860 – Recent low and range base
• $0.3820 – Major downside risk level
Trade Setup – Breakout Imminent
Bullish Setup:
• Entry: Above $0.3915 with volume spike
• Target 1: $0.3940
• Target 2: $0.4000
Bearish Setup:
• Entry: Below $0.3890 with momentum
• Target 1: $0.3860
• Target 2: $0.3820
Risk Management Tip
Place stop-losses just beyond breakout or breakdown levels to avoid being caught in fakeouts. Monitor volume closely—a real move will come with confirmation.
Watch closely—WCT is winding up for a high-impact move!