*WCT/USDT 1H frame
1. OVERVIEW
WCT is in a strong uptrend, having just broken out of the resistance zone.
However, there are signs of short-term overbought conditions and accumulation around the old peak.
2. DETAILED ANALYSIS
A. Moving Average (MA)
MA(7): 0.9300 → price is above MA7 ⇒ maintains upward momentum.
MA(25): 0.8320 → medium-term support, quite far.
MA(99): 0.6973 → confirms a strong long-term uptrend.
Assessment: MA7 is an important current support. If maintained, the price will continue to rise.
B. MACD
MACD histogram: slightly positive (0.0022) and the two DIF/DEA lines are crossing.
Indicates that the uptrend is still present, but the momentum is weakening ⇒ may see consolidation or slight pullback.
C. RSI(6): 73.03
RSI exceeds 70 ⇒ is in the overbought area.
Need to be cautious as high RSI can easily lead to short-term corrections.
D. Stochastic KDJ
K = 65.48, D = 69.99, J = 56.47
J has crossed below K and D → signaling a slight correction or accumulation is happening.
E. Volume
Volume has gradually decreased after a large bullish candle → a sign that funds are temporarily resting.
If there is a new breakout, strong volume needs to return.
3. PRICE ANALYSIS
Price has touched the peak of 0.9784 and is sideway around the range of 0.92–0.95.
If breakout at 0.98 with volume → may continue to rise to 1.05–1.10.
If it fails at this level → will test MA7/MA25 corresponding to 0.93 or 0.85.
4. TRADING
A. Spot – Priority if MA7 is maintained
Entry: 0.9300–0.9400 (near MA7)
TP1: 0.9780 (old peak)
TP2: 1.05–1.10 (if breakout)
SL: 0.91 (breaks MA7)
B. Long
Entry: 0.930–0.945 (scalp when price retests MA7)
TP1: 0.975
TP2: 1.05
SL: 0.91
Note: do not FOMO if the price has risen too strongly – should wait for a retest of support levels.
C. Short (high risk)
Entry: 0.975–0.985 (near old peak, if a rejection candle appears)
TP1: 0.94
TP2: 0.91
SL: 1.00
Should only short when there are clear signs of a breakout failure and RSI continues to diverge.
-CONCLUSION
WCT is in an accumulation phase after a strong increase. Price remains above MA7 and may continue to rise if new funds return.
Prioritize Spot or short-term Long, but need to closely monitor reversal signals (especially RSI and MACD).