$WCT SHOWING SIGNS OF RECOVERY – BUT WILL IT HOLD ABOVE $0.50?
$WCT is trading at $0.4941, up slightly from today’s low but still down -3.59% overall. After finding a base around $0.4792, the price is attempting a breakout from a short-term range. Bulls are stepping in, but key resistance lies just ahead.
Key Levels to Watch:
• Resistance Zone: $0.4980 – $0.5020
A breakout above this could confirm bullish momentum and fuel a larger move.
• Support Zone: $0.4850 – $0.4880
A breakdown below this may lead to a return to recent lows.
Trade Setup – Watch for Breakout Continuation:
Bullish Scenario:
If $WCT breaks above $0.4980 with volume support, the next targets are:
• TP1: $0.5020
• TP2: $0.5100
Bearish Scenario:
Failure to hold $0.4850 could invite fresh selling toward:
• TP1: $0.4790
• TP2: $0.4700
Stop-Loss Recommendations:
• Long Entry: SL below $0.4850
• Short Entry: SL above $0.5020
WCT must hold above $0.4880 and close above $0.4980 to shift short-term sentiment. Otherwise, it risks falling back into bearish territory.