WCT/USDT
✅ Bullish Indicators:
Strong Uptrend:
Price has broken above all Moving Averages (MA7, MA25, MA99), showing strong bullish momentum.
Current price: $1.1673, recently touched $1.1883 (24h high).
Moving Averages:
MA(7): 1.0473
MA(25): 0.8453
MA(99): 0.6398
Price well above all MAs → momentum strongly bullish.
RSI(6): 90.06:
Indicates the asset is overbought → risk of pullback, but also shows strong buying pressure.
Stochastic RSI:
%K = 84.52, %D = 75.81
Approaching overbought, but still with upward crossover = bullish signal.
🧭 Trade Setup Suggestion:
📈 Long (Buy) Setup:
Entry Zone: On slight pullback towards $1.12–$1.14 (near support on MA7)
Stop Loss: Below recent breakout candle or MA(25) → around $1.03
Target 1: $1.25 (next psychological level)
Target 2: $1.30–$1.35 (if momentum sustains)
⛔️ Alternative Short Setup (Risky):
Only if you spot a clear bearish reversal (bearish engulfing or RSI divergence)
Entry: Near $1.18–$1.20 (if double top or strong rejection forms)
SL: $1.22
TP: $1.08–$1.03
