🔍 Technical Analysis for WCT/USDT Pair
Time Frame (1-4) Hours
1. 📉 General Trend
Clearly bearish; the price is currently ~0.538 USDT, trading below EMA7 (≈0.516), EMA25 (≈0.528), and EMA99 (≈0.564), with an RSI (6)≈21.7 indicating oversold conditions and negative MACD → potential continued decline with short-term corrective bounces.
2. 🛡️ Supports and Resistances
🟢 Support 1: 0.505 USDT (last 24h low)
🟢 Support 2: 0.495–0.485 USDT
🔴 Resistance 1: 0.516–0.528 USDT (EMA7/EMA25)
🔴 Resistance 2: ~0.64 USDT (long-term EMA25)
3. 📊 Indicators Summary
EMA7 < EMA25 < EMA99: bearish structure
RSI under 30: oversold → possibility of a bounce
MACD below the signal line: confirms decline
4. 💡 Recommendations
🟢 Corrective buy at 0.505–0.515 USDT (reversal candles and high volume),
Target:
0.685
0.730
Stop Loss 0.490.
🔴 Sell on break below 0.505 with volume confirmation,
Target:
0.485
0.470
Stop Loss 0.525.
⏳ Await if trading stays sideways between 0.505–0.528 without clear signals.
> 🚨 Summary: The trend is bearish. We await confirmation of a bounce near support (🟢 Buy) or a break below 0.505 (🔴 Sell), with strict risk management.
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