$WCT – Short Liquidation Alert & Bullish Trade Setup
Market Insight:
WCT experienced a significant short liquidation at $1.2768, a former resistance level now acting as support. This sharp move suggests a potential trend reversal or a continuation to the upside, contingent on volume and confirmation.
Buy Zone:
$1.2600 – $1.2850
Re-test area post-liquidation
Strong support forming from short covers
Potential accumulation zone
Targets:
T1: $1.3400 – Initial resistance
T2: $1.4100 – Key liquidity zone
T3: $1.5140 – Major liquidation/psychological target
T4: $1.6000 – Ambitious Fib extension level
Stop-Loss:
Below $1.2300 – Break below invalidates bullish thesis.
Strategic Takeaway:
The recent short squeeze hints at bullish momentum. Enter within the buy zone, monitor price action at $1.2768, and avoid chasing highs. Let price confirm — smart entries here could
catch the next breakout leg.$WCT
