📉 Deep in Oversold Zone — Is a Reversal Coming Soon for $WCT ? 🧨
$WCT is trading at $0.5143 (-6.68%), after hitting a 24h high of $0.5992 and a low of $0.5160. The RSI is at 21.75, which clearly signals it’s in the oversold zone—meaning sellers might be exhausted and a relief bounce could be on the horizon. 👀
📊 Volume Update:
• 119.91M WCT traded against $67.26M USDT — indicating high activity, but so far limited buying pressure.
🔍 Key Levels to Watch:
• Support: $0.5160
• Breakout Trigger: A move above $0.5300 with a strong bullish candle + volume pickup.
• Bounce Targets:
• TP1: $0.5580
• TP2: $0.5820
💡 Strategy Suggestion:
Only consider a long entry after confirmation above $0.5300 with solid volume. Without that, the bounce could be weak or fail.
🧠 Pro Tip:
RSI this low often leads to sharp bounces, but don’t jump in blindly. Wait for clear signs of buyer strength before taking action.
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