$WCT
/USDT – SHARP REJECTION AT $0.4000 ZONE!
A sudden bullish breakout was quickly rejected near $0.4000, forming a strong upper wick on the 15-min chart. This rejection candle signals a short-term bearish pressure.
Current Price: $0.3882
24H High / Low: $0.4150 / $0.3740
24H Volume: $15.48M
Chart Outlook:
Price attempted a breakout but failed to hold above $0.395, leading to an immediate selloff. This may confirm a fakeout move, with bears stepping in aggressively.
Short Trade Plan:
Entry: $0.3890 – $0.3920
Final Target: $0.3750
Stop Loss: $0.4025
Why This Setup Makes Sense:
Strong rejection near round-number resistance, bearish engulfing pattern on 15m timeframe, and rising volume during the drop.
Risk Strategy: Use tight SL, scale out profits near $0.3800.
Take short trade on $WCT now before it slips further!