📉 🔴 Sell Order (Short) – WCT/USDT
⏳ 15-Minute Time Frame
🔹 📉 Entry Price: 0.7100 (upon breaking clear support)
🔹 🛑 Stop Loss: 0.7350
🔹 🎯 Targets:
• 🥇 First Target: 0.6800
• 🥈 Second Target: 0.6550
• 🥉 Third Target: 0.6200
🔹 📊 Trade Analysis:
• The price has declined from a peak of 0.7829 and is starting to face clear selling pressure.
• The price broke EMA 7 and is currently trading near EMA 25 levels, and if it breaks both together, it will strengthen the downward trend.
• RSI(6) is at 43.95, and RSI(14) is declining at 57.77, while RSI(24) is weakening from 62 → momentum is clearly decreasing.
• MACD is weak with no positive crossovers, with a gradual contraction in bullish momentum.
• ✅ Entry Confirmation: Break of 0.7100 with a strong bearish 15-minute candle and a noticeable increase in selling volumes.
• Trading volume is decreasing, supporting the likelihood of continued decline.
🔹 🎚️ Leverage: 5x - 7x (suitable for the short time frame and current volatility)