$WCT Breakdown in Progress: Can Bulls Defend the Last Line?
$WCT is trading at $0.3888, slipping below a key short-term support zone after multiple rejection wicks from the upper range. This recent drop comes with increasing volume, signaling a potential trend continuation to the downside.
Key Levels to Watch:
• Immediate Resistance: $0.3930 – $0.3955
If bulls reclaim this zone, a recovery move may extend toward:
• TP1: $0.3985
• TP2: $0.4015
• Critical Support Zone: $0.3880 – A confirmed breakdown here could accelerate bearish momentum toward:
• TP1: $0.3835
• TP2: $0.3780
Trade Setup: Breakdown Watch in Motion
• Bearish Setup: A close below $0.3880 on the 15m or 1H with volume could validate further downside.
• Bullish Reversal Scenario: A strong reclaim and hold above $0.3930 may trigger short-covering rallies.
• Stop-Loss Guidance: Place SL above $0.3965 for shorts and below $0.3870 for longs to reduce exposure.
Price is sitting at a make-or-break level—expect volatility ahead.