$WCT A short-term technical analysis and trading plan:

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Technical Analysis (Short-Term)

Current Price: 0.5659 USDT

24h High / Low: 0.6650 / 0.4952 (high volatility)

Indicators:

MA(7) < MA(25), showing short-term bearish crossover.

Price is slightly under MA(25) and around MA(99): consolidation phase.

MACD: Bearish, histogram still negative.

RSI (6): 32.21 — approaching oversold territory, suggesting potential reversal.

Stochastic K/D: K = 15.31, very low, indicating deep oversold condition.

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Trade Setup

Entry Position

Enter Long at: 0.5620 – 0.5660 USDT (just above current support near MA(99) = 0.5627)

Wait for bullish confirmation candle or stochastic cross upwards.

Stop Loss

Below support zone: 0.5520 USDT

This is beneath recent wick lows to reduce false stop-outs.

Target / Liquidity Zone

First Target (TP1): 0.5800 USDT (previous local high / MA(25) resistance)

Second Target (TP2): 0.6000 USDT (psychological + Bollinger upper zone)

Risk-to-Reward Ratio

Entry: 0.5650

SL: 0.5520 (Risk ~ 0.0130)

TP1: 0.5800 (Reward ~ 0.0150)

TP2: 0.6000 (Reward ~ 0.0350)

R:R = 1.15 to 2.7 — favorable

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Strategy Notes

Volume & Momentum are key: Wait for confirmation via RSI moving above 35 and stochastic crossover.

If price drops below 0.5500, reconsider the long thesis — could enter a stronger downtrend.