$WCT / USDT – Bullish Breakout Building Up 🚀🔥
Current Price: $0.6650 (-1.50% today)
Price is slightly down but showing signs of a potential breakout after a recent bounce from support.
⸻
📊 Technical Overview:
• Price bounced off the $0.66 support zone, showing buyers are stepping in.
• A short-term breakout is forming on smaller timeframes (like 15m or 30m).
• Lower wicks on candles suggest bulls are defending the bottom of the range.
⸻
🔍 Key Technical Levels:
• Support: $0.6550 → Recent base where buyers entered.
• Breakout Level (Confirmation): $0.6700 → Watch for a strong candle close above this to confirm the breakout.
• Next Resistance: $0.6800 → Short-term upside target.
• Extended Resistance: $0.6950 → Medium-term target if momentum builds.
⸻
📈 Trade Setup:
✅ Long Setup Idea:
• Entry Zone: $0.6620 – $0.6660 (wait for confirmation)
• Stop Loss (SL): $0.6485 (below support)
• Targets:
• TP1: $0.6725
• TP2: $0.6800
• TP3: $0.6950
Maintain a good risk-reward ratio. Ideal for breakout and momentum traders.
⸻
🔬 Technical Indicators Insight:
• Structure: Market is attempting to flip from consolidation to uptrend.
• Candle Patterns: Long lower wicks = buyers defending dips.
• Volume: Watch for increasing volume near $0.6700 to validate breakout strength.
• Timeframe to Watch: 15m and 30m for breakout confirmation.
⸻
💡 Pro Tip:
Don’t rush in early — wait for a 15m or 30m candle to close above $0.6700 before entering. This helps avoid fakeouts and confirms real bullish momentum.
⸻
Conclusion:
$WCT is forming a clean breakout structure. If the price confirms above $0.6700 with volume, the next leg toward $0.6800 and $0.6950 could trigger fast. Set alerts and plan your entries with care.
Click to trade : $WCT