$WCT

> Price: $0.8824

24h Performance: +18.25%

Proposed Short Targets:

Target 1: $0.69 (approx. 21.7% drop)

Target 2: $0.43 (approx. 51.3% drop)

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📊 Key Considerations Before Shorting

1. Recent Pump

A move of +18.25% might be a reaction to news, low liquidity, or speculative interest.

Often, sharp spikes are followed by corrections — but timing a short can be risky.

2. Volume & Liquidity

Check volume trends. If the spike happened on low volume, a retracement is more likely.

Thin liquidity = volatile moves, both up and down.

3. Support/Resistance Levels

Look for:

Support around $0.69 (previous base?)

Major support around $0.43 — possibly from historical consolidation?

4. Indicators to Use

RSI — Is it overbought? (Typically RSI > 70 = overbought)

MACD — Any bearish crossover signals?

Fibonacci retracement from the recent swing low to high.