WCT currency is currently performing remarkably, having risen by +28.19% to reach 1.2479, recording the highest price in 24 hours at 1.2565 after a strong surge from the bottom 0.9067.
🔍 Technical Indicators:
🔹 RSI = 92.94 → In a very strong overbought area, indicating massive buying momentum but suggesting the possibility of a near correction.
🔹 MACD = 0.0287 / DIF = 0.1278 / DEA = 0.0991 → Clear positive intersections confirm the strong upward trend.
🔹 Stochastic K = 91.49 / D = 86.40 / J = 101.68 → Also in overbought areas, supporting the same expectations of potential profit-taking or a near correction.
🔹 Trading volume: 101.6M WCT with a clear increase, reflecting strong liquidity flow and confidence from traders.
📊 Price behavior: The price broke through consecutive resistances and rose almost vertically, indicating 'FOMO' (Fear of Missing Out), but it also raises the likelihood of a sharp correction if momentum is not reinforced by more buyers.
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📈 Recommendation:
🔹 Optimal buying area (after potential correction): 1.15 – 1.20
🔹 First target (TP1): 1.35
🔹 Second target (TP2): 1.50
🔹 Stop Loss (SL): 1.10
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🔔 Note: The currency is in a strong upward trend but in a sharply overbought area, it is preferable to wait for a slight correction before safe entry, especially if reversal candles or weakness in trading volume appear in the coming hours.
💬 Summary: The currency $WCT has proven its strength in the market with a violent rise and positive technical indicators. Momentum remains strong but caution is necessary regarding corrections. An excellent opportunity to enter after profit-taking or on strong support.
