WCT/USDT – Strong uptrend, waiting for a correction to enter safely

$WCT

Overview:

WCT is increasing in all 4 timeframes. However, the RSI in all frames is in the overbought zone, especially 4H and 1D >90. MACD is weakening in D1. Volume is decreasing, OBV is not in agreement. The risk of correction is high.

Trading strategy

📌 Spot (Medium-term):

• Do not chase purchases.

• Only consider buying when the price corrects to the support zone 0.98–1.04, where there is MA25 and the old sideways zone.

• Buying conditions:

• RSI(12) returns to the 50–60 zone

• MACD shows signs of turning back up

• Volume improves

• TP: 1.15–1.20

• SL: below 0.85

⚡ Futures (Short-term):

Main scenario (60%) – Wait for correction then go Long:

• Entry: 0.98–1.04

• SL: 0.85

• TP: 1.15–1.20

• Conditions: RSI cools down, MACD shows signs of recovery

Alternative scenario (30%) – Breakout:

• Entry: If it breaks 1.13 with high volume

• TP: 1.25

• SL: below 1.08

⚠️ Major risks:

• RSI in the 4H and 1D frames is too high (>90) can reverse unexpectedly

• Weak volume, money flow is no longer strong

• If BTC fluctuates strongly, the likelihood of WCT crashing is very high

Capital management:

• Do not exceed 5% of capital

• Minimum R:R ratio of 1:2

• Prioritize waiting for safe entry points, avoid FOMO

$WCT

WCT
WCTUSDT
0.07328
+0.85%