$WCT /USDT (LONG) TRADE SETUP
Bullish Scenario:
Entry: On a confirmed breakout and candle close above 0.68.
Target 1: 0.75 (previous high zone).
Target 2: 0.80+
Stop-loss: Below 0.62 (dynamic support), or tighter at 0.65 for risk management.
Bearish Scenario (if rejection continues):
Entry: Breakdown below 0.65 with high volume.
Target: 0.62, then 0.58.
Stop-loss: Above 0.68 (fake breakout level).
Chart Observations:
Trend:
The price is in a higher low, higher high pattern (marked "L" and "H"), indicating a bullish structure.
The green line (likely EMA or a trailing stop) is acting as dynamic support.
Resistance Zone:
Multiple rejections around 0.66–0.68, indicating a short-term resistance zone.
Support Zone:
0.62–0.65 area is holding as strong support based on previous lows and the dynamic trendline.
Volume & Momentum:
Heikin Ashi candles show smaller wicks and a continuation bias, suggesting possible momentum buildup.
The orange line (likely RSI-based) is near a midline, not showing overbought/oversold yet.
Key Notes:
Watch for volume confirmation on breakout.
Be cautious of false breakouts in a sideways consolidation phase.
Use tighter risk management due to multiple wicks and volatility.
Trade $WCT
