#TradingTypes101 $WCT /USDT Market Update – Bullish Momentum Detected (Based on 4H Chart Data)

$WCT is currently experiencing a strong bullish trend in the 4-hour timeframe, with the latest price sitting at $1.1455, reflecting a 24.95% gain in the last 24 hours.

🔍 Technical Analysis (4H Chart):

Price Action:

24H Low: $0.9066

24H High: $1.1840

Current Price: $1.1455 (near the day’s high, indicating strength)

Breakout Zone: The breakout above previous resistance around $0.86–$0.90 has been confirmed with strong volume.

Moving Averages (MA):

MA(7): 1.0111

MA(25): 0.8234

MA(99): 0.6326

The current price is trading well above all MAs, showing a clear uptrend.

Volume:

24H Vol(WCT): 984.77M

24H Vol(USDT): 1.01B

Recent bullish candles are supported by increasing volume, confirming genuine buying interest.

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📈 Spot Trading Setup:

Long Setup:

Entry: On small pullbacks near $1.08–$1.10

Target: $1.20 (then $1.25 if momentum continues)

Stop-Loss: $1.00 (below MA-7 for short-term invalidation)

Short Setup (Risky):

Only if price fails to break $1.18–$1.20 again and volume weakens

Entry: Below $1.12 (confirmation of weakness)

Target: $1.00–$0.95

Stop-Loss: $1.185

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🔁 Futures Trading Setup (Leverage-based):

Long (High Conviction):

Entry: $1.10–$1.12 range

Target 1: $1.20

Target 2: $1.25+

Leverage Suggestion: 3x–5x max for controlled risk

Stop-Loss: Below $1.00

Short (Only on strong rejection):

Entry: After visible rejection at $1.18+ zone

Target: $1.05 then $0.95

Leverage: 3x

Stop-Loss: $1.20

🧭 Summary:

The current trend for WCT is clearly bullish with high momentum, volume confirmation, and technical breakout. Price has already rallied significantly, so caution on late long entries is advised. However, a minor pullback could provide a good long opportunity both in spot and futures.

Shorts should only be considered after visible weakness or failed attempts to break above $1.18 again. Use tight risk management for any futures position.

$WCT