$WCT the 15-minute chart for WCT/USDT from Binance, here's a technical analysis to guide Buy/Sell decisions:
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🔍 Current Market Overview
Current Price: $0.5223
24h High/Low: $0.5652 / $0.5159
Trend: Short-term bearish on 15m chart
Price Change: -4.62% (24h)
Volume: Declining slightly after a spike
📉 Moving Averages (Bearish Bias)
MA(7) = 0.5209 (below MA25 and MA99)
MA(25) = 0.5253
MA(99) = 0.5377
The price is below all MAs, indicating bearish momentum.
🕯️ Candlestick Action
Price made a lower low at $0.5159 and is trying to recover.
Small green candle at the end suggests a minor bounce but no confirmation yet.
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📊 Volume
Volume shows a recent spike, followed by decline, which may indicate exhaustion of sellers — but no bullish confirmation yet.
📌 Recommendation (15m time frame)
❌ SELL/SHORT (Cautious Entry)
Ideal if price fails to break above $0.5253 (MA25) and forms a rejection candle.
Use stop-loss above $0.5265 and target $0.516–0.510 area.
✅ WAIT TO BUY (Not yet confirmed)
Wait for price to break and close above MA25 ($0.5253) with volume.
A confirmed bullish candle + volume spike is needed.
Ideal buy above $0.5265 with target back to $0.5384.
⚠️ Risk Notes
Volatility is high due to recent 42% drop over 7 days.
If scalping, consider very tight SL and TP.
Use alerts near $0.5265 (breakout) or $0.5160 (breakdown).
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