$WCT / USDT – SHORT-TERM SUPPORT BOUNCE OR DEAD CAT? 🧐📉
$WCT faced a sharp drop of -3.66%, slipping to a local low of $0.5159 before rebounding slightly. It's now trading at $0.5244 with weak volume and mixed candles forming on the 15-min chart. The bounce is mild and lacks conviction for now.
To confirm a reversal, bulls must push beyond the $0.5384 resistance. If it fails here, $0.5100 could get tested again quickly.
📊 Trade Setup (Scalp Opportunity):
• Entry: $0.5230 – $0.5250
• TP1: $0.5350
• TP2: $0.5455
• SL: $0.5145
Consolidation is narrowing — watch closely. A strong breakout or breakdown could follow soon.