$WCT Testing Breakdown Zone – Bounce or Breakdown Ahead?
WCT/USDT is currently trading at $0.3944, hovering at a key horizontal support. After multiple rejection candles near the $0.4050 zone, sellers are tightening their grip. Bulls need to defend this zone strongly to avoid a deeper drop.
Key Levels to Watch:
• Resistance: $0.4000 – A breakout above this may open a short-term recovery toward $0.4050 and $0.4100.
• Support: $0.3920 – A breakdown here could trigger a sharp decline toward $0.3850 and $0.3730.
Trade Setup – Prepare for Reversal or Continuation
Bullish Scenario:
• Entry: On a confirmed move above $0.4000
• TP1: $0.4050
• TP2: $0.4100
Bearish Scenario:
• Entry: On a clean break below $0.3920
• TP1: $0.3850
• TP2: $0.3730
Stop-Loss: Always place stops just beyond the key levels to avoid false breakouts or breakdown traps.