"WCT/USDT explodes upward by +20% – Is it time to buy or sell? Here are 3 smart trading strategies!"
Technical analysis of WCT/USDT
Current price: 0.6074 USDT
24-hour increase percentage: +20.56%
Highest price: 0.6278 USDT
Lowest price: 0.5029 USDT
Volume: 519M WCT / 302M USDT
Technical indicators:
Bollinger Bands:
The price broke the upper limit of 0.6113, indicating buying strength.
The price is above the MB average: 0.4635, clear upward momentum.
RSI(6): 75.01 → In the overbought zone, a correction is likely soon.
MACD: Positive crossover, momentum supports the upward trend.
MA5 > MA10: Clear upward signal.
Proposed trading strategies:
1. Pullback Entry Strategy:
Ideal entry: Between 0.5400 ~ 0.5600 USDT when the price returns to test support.
First target: 0.6650 USDT
Second target: 0.7000 USDT
Stop loss: Below 0.5000 USDT
2. Breakout Strategy (if it breaks 0.628):
Enter after a 1-hour or 4-hour candle closes above 0.628 USDT.
Target: 0.70 then 0.74 USDT
Stop loss: Below 0.6050 USDT
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3. Partial selling for speculators:
If you are in the trade from a low price (like 0.40 ~ 0.50):
Partially sell in the current range.
Hold a portion in case the momentum continues.
Watch RSI to confirm exit if it exceeds 80 with reversal candles.
Trading tips:
Do not enter with all capital at once.
Monitor indicators like trading volume and RSI to confirm any new breakout.
Use a smart stop loss below strong support levels.