$WCT /USDT BEARISH FAKEOUT – SHARP REJECTION FROM LOCAL HIGH SIGNALS SELL PRESSURE!
$WCT attempted to break above the $0.405 resistance but faced an aggressive rejection, plunging back below $0.390 with a large bearish engulfing candle. This signals a classic fakeout pattern, where bulls were trapped and sellers regained control. Momentum now favors a short move back to support levels.
Trade Setup (Short):
Entry: 0.3870 – 0.3900
Take Profit: 0.3760 / 0.3680
Stop Loss: 0.3985
Market Outlook:
Price action remains volatile, but failure to hold higher levels indicates continued bearish control in the short term. A breakdown below 0.385 could accelerate the move downward. Risk management is key in this choppy environment.
Command: Fade the breakout, follow the pressure – short the highs!
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