⚠️ $WCT /USDT – Price Losing Steam? A Short Opportunity Ahead 📉
Current Price: $0.8844 (+20.33%)
After a fast surge up to $0.97, $WCT is now showing signs of weakness. It faced strong selling and closed below $0.90 — a sign that buyers may be losing control.
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🔻 Short Trade Idea
• Entry Zone: $0.88 – $0.90
• Targets:
• TP1 → $0.845
• TP2 → $0.800
• TP3 → $0.750
• Stop Loss: $0.945
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📊 Key Technical Levels
• Resistance Zone: $0.95 – $0.978 (recent high)
• Support Level: $0.733 (24-hour low)
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🧠 Market Analysis
• The price made a parabolic move up, but is now showing bearish candles on the 1-hour chart.
• Rejection wicks and a bearish engulfing pattern are forming.
• Volume is decreasing, which often signals a trend slowdown.
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💡 Pro Tip for Traders
If the price breaks below $0.88 on high volume, the downtrend may pick up speed.
If entering a short late, keep a tight stop to manage risk.
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📉 Conclusion
Momentum is fading. If this continues, we may see a healthy correction or even a trend reversal.
This could be a good time to flip bearish and ride the pullback.
Click to trade: $WCT