WCT Market Analysis and Order Suggestions
I. Technical Analysis From the 4-hour chart, the moving average system shows a bullish arrangement. The short-term moving averages such as MA7 (0.9564) and MA15 (0.8747) are diverging upward, with prices significantly rising above the moving averages, indicating strong bullish momentum.
However, after a rapid increase, the price has diverged further from the moving averages, which may pose a risk of correction.
II. Key Support and Resistance Levels The support level at 0.95 is an important reference point, as recent price corrections have stabilized near this level, and short-term moving averages are gradually converging to form support.
The potential resistance level above 1.10 is currently close to the price, and there has been no significant pressure reference in the past. Attention should be paid to market reactions as the price approaches this level.
III. Order Suggestions Long Entry Point: Consider entering a long position when the price corrects to the range of 0.95 - 0.97 and shows stabilization signals (such as small bullish candlesticks or doji candlesticks).
Stop Loss Level: Set below 0.93 to control risk.
Take Profit Level: Initially target 1.05; if it breaks strongly, further target 1.10.
Short Entry Point: If the price rises to the resistance range of 1.08 - 1.10 and shows signs of stagnation (such as long upper shadow candlesticks), consider entering a short position.
Stop Loss Level: Place above 1.12.
Take Profit Level: Initially focus on 1.00; if it effectively breaks down, target 0.95.
