$WCT /USDT Update – Potential Head and Shoulders Pattern Forming!
We're currently seeing a Head and Shoulders pattern form on the 15m chart for $WCT /USDT on Binance.
Left Shoulder: Formed around May 24th
Head: Peaked shortly after, reaching resistance near 0.695
Right Shoulder: Currently forming below the resistance zone
Price is hovering around 0.6655, and the EMA-20 is acting as a dynamic resistance.
What to watch for:
A break below the neckline (around 0.655–0.660) could signal a bearish move toward the 0.620 zone.
A rejection of the neckline and bounce upward may confirm a bullish reversal.
Scenarios:
Bearish: Breakdown below the neckline and volume confirmation → Target: 0.620
Bullish: Strong bounce above EMA + neckline retest → Target: 0.700+
Trade cautiously and always use proper risk management!
#WCT #Binance #HeadAndShoulders #TechnicalAnalysis #headandshoulders
