$WCT T Technical Update: Brutal Correction After Surge 📉

$WCT has plummeted over 60% from its high of $1.39, currently consolidating around $0.54. The short-term trend is bearish, with technical indicators showing no clear reversal signals.

Key Indicators:

MA7/MA25: Death cross

MACD: Continuing to decline, with increasing green bars

Trading Volume: Plummeted, with buyers on the sidelines

Key Levels:

Short-term Resistance: $0.615

Key Support: $0.530 (if lost, may test $0.408 again)

Conclusion:

It's not recommended to try to catch the bottom unless there's a significant increase in volume to stop the decline or the price returns above MA120.