🚨 $WCT /TRY – Overbought But Not Over? Eyes on the Expansion 📈
$WCT surged +4.98% to ₺24.05, lifting off from the local lows with RSI screaming 80+. With price brushing against historical resistance, this move could either ignite a breakout — or hit the brakes hard. Let’s chart the play 👇
📊 Market Overview
📍 Current Price: ₺24.05
📈 24h High: ₺24.48
❄️ 24h Low: ₺22.05
📦 24h Volume (WCT): 2.45M
💸 TRY Volume (24h): ₺57.28M
📊 MACD Status:
Bullish divergence forming
Momentum bars expanding
Awaiting confirmation via volume
📉 Moving Averages
MA(7): ₺23.40 (Uptrend initiated)
MA(25): ₺23.25
MA(99): ₺24.04 (Flat – key inflection zone)
RSI(6): 80.74 🚨 (Overbought territory)
📈 WCT Trade Setup – Levels to Watch
🔹 Bullish Scenario (Break Above ₺24.50):
Entry: ₺24.10–₺24.50
Targets: ₺25.80, ₺28.36, ₺30.90
Stop-Loss: ₺23.25
🔹 Bearish Scenario (Fakeout Reversal):
Entry: Below ₺23.25
Targets: ₺22.05, ₺20.68, ₺18.70
Stop-Loss: ₺24.50
🔍 Quick Analysis
✅ Above short- and mid-term MAs
✅ Volume gradually increasing
⚠️ RSI >80 — likely due for cool-off or consolidation
⚠️ MA(99) resistance exactly at current price: ₺24.04 – key decision point
💡 Pro Tip:
Watch ₺24.48–₺25.00. If WCT flips this into support on a 4H close with >1M TRY/hour volume, the next leg could form rapidly. Otherwise, prepare for a retracement to ₺23.25 or even ₺22.00.
🚦Momentum is strong, but caution is smart.
📉 Fade the overbought or ride the parabolic? You tell us.
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