WCT has dropped to $0.54, losing nearly 60% from its recent peak.
The chart shows a potential base forming around the $0.51–$0.54 range, where price has already bounced twice.
Volumes are decreasing, and selling pressure appears to be fading — the market has shifted into a wait-and-see mode.
Current Observations:
Signs of a potential local bottom are present
The MA(7) is starting to flatten, indicating a slowdown in downward momentum
The $0.51 level remains a key support — if it holds, this zone could offer a good entry
I've taken a spot position at current levels, without leverage.
The plan is to partially take profit around $0.62–$0.65 if volume confirms a rebound.
This may be an accumulation phase before a bounce, but another drop toward $0.48 can't be ruled out.
What do you think: is this the bottom, or are we in for more downside?
