$WCT /USDT trading signal with 15minutes time analysis š®š®
Key Observations:
Current Price: $0.6618
Price is down by -1.75%, suggesting a slight bearish pressure.
Moving Averages:
MA(7): 0.6601 (Yellow)
MA(25): 0.6669 (Magenta)
MA(99): 0.6581 (Purple)
The price is below the 25 MA but just above the 99 MA, indicating short-term weakness, but a possible long-term support.
Support and Resistance:
24h High: 0.6775
24h Low: 0.6167
Recent support: Around 0.6498
Resistance zone: Around 0.6670ā0.6720
RSI (Relative Strength Index):
RSI(6): 45.38
RSI is below 50, showing slightly bearish momentum, but not yet oversold.
MACD:
MACD values are slightly negative:
DIF: -0.0015
DEA: -0.0006
MACD: -0.0009
Indicates bearish crossover, suggesting downward pressure.
Volume:
Volume shows a recent spike during the drop to support, implying strong reaction from buyers at the lower levels (around 0.65).
Short-Term Outlook (15-min chart):
Bearish to Neutral Bias short-term, with a possible retest of support (0.6550ā0.6490) if price fails to reclaim 0.6670.
A break above 0.6670 with strong volume could shift momentum bullish again toward 0.6775.
Strategy Suggestion:
Scalp Buy Zone: Around 0.6500ā0.6550 with tight stop-loss below 0.6480.
Sell/Short Zone: Near resistance at 0.6670ā0.6720.
