🚨 $WCT /USDT – Oversold Opportunity or Falling Knife? ⚠️📉
$WCT took a sharp -11.14% hit, dropping to $0.5304. With RSI nearing extreme lows, is this the dip to buy—or is more downside coming?
📊 Market Overview
📍 Current Price: $0.5304 (▼11.14%)
📈 24h High: $0.6010
❄️ 24h Low: $0.5284
📊 MA Levels:
• MA(7): $0.5388
• MA(25): $0.5612
• MA(99): $0.8726
💱 24h Volume:
• WCT: 124.20M
• USDT: 70.10M
📉 RSI (6): 20.79 – Extremely oversold, potential for technical bounce
📉 MACD Momentum:
• Likely bearish with increasing downside pressure
• Histogram widening in red = momentum favors bears (MACD figures not shown but implied by price + RSI)
📈 WCT Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If WCT Reclaims $0.5380+):
• Entry: Above $0.5450
• Targets: $0.6010, $0.6580, $0.8530
• Stop-Loss: $0.5080
🔹 Bearish Scenario (If WCT Breaks Below $0.5080):
• Entry: Below $0.5080
• Targets: $0.4640, $0.4200, $0.3850
• Stop-Loss: $0.5450
🔍 Should You Hold or Sell?
✅ RSI < 21 = technical bounce could be brewing
✅ High volume suggests capitulation may be near
⚠️ Still under all major MAs – trend remains bearish overall
💡 Pro Tip:
⚠️ Don’t chase unless price confirms above $0.5450 with volume
📉 Bearish continuation likely if $0.5080 breaks with size
📢 Are you buying the dip or sitting this one out? Let’s talk setups! 🧠💬
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