$WCT WCT/USDT TECHNICAL REVIEW (1H TIMEFRAME)

📊 Price Overview

Current Price: 1.1542 USDT

24H High/Low: 1.1840 / 0.9066

24H Change: +23.38% (strong bullish momentum)

Mark Price: 1.1550

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🧠 KEY INDICATORS ANALYSIS

📈 Exponential Moving Averages (EMAs)

EMA(7): 1.1245

EMA(25): 1.0499

EMA(99): 0.8803

✅ Bullish Signal: Price is trading well above all EMAs → confirms strong uptrend and short-term momentum.

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🟡 Williams %R (14)

Current: -19.57 📌 Near the overbought zone (-20 and above), suggesting the price is high relative to recent range.

⚠️ Caution: Short-term pullback possible.

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🟩 Long/Short Ratio

L/S Ratio: 0.34 (More shorts than longs)

Longs: 25.30%

Shorts: 74.70%

⚠️ Bearish Sentiment on Futures Market, despite spot being bullish — possible short squeeze scenario.

📏 RSI (6)

Value: 77.04 📌 Overbought Zone (>70) — indicates strong bullish trend, but also signals potential for cool-off or correction soon.

✅ CONCLUSION & STRATEGY

🔼 Bullish Bias (Short-term)

Trend is clearly upward with higher highs and higher lows.

EMAs and RSI support further upside, but overbought indicators and volume topping out suggest caution.

📌 Key Levels

Immediate Resistance: 1.1840 (24h high), then 1.2136 (upper candle wick)

Support Zones: 1.08 (recent consolidation), 1.05 (EMA25), and 0.95 (psychological + previous resistance)

🎯 Trading Plan Ideas

Breakout Traders: Watch for breakout above 1.1840 with volume to ride the momentum.

Pullback Traders: Wait for correction to 1.08–1.05 range and enter on confirmation.

Stop Loss: Below 1.00 or 0.95,depending on risk appetite