$WCT is trading around $0.503 on the 1-hour chart and is in a strong downtrend. Both the fast EMA (≈ $0.515) and slow EMA (≈ $0.524) sit above the current price, and the ADX is around 86, showing sellers are firmly in control. The RSI is about 20, so it’s oversold, but that alone doesn’t mean it will bounce immediately.
Key Levels to Watch
- Support – $0.4992 (S1): If WCT falls below this level with heavier selling, it will likely head toward $0.4964 (S2) and then $0.4922 (S3).
- Resistance – $0.5034 (Pivot): If WCT holds above $0.4992 and starts to show buying interest, a relief rally to the pivot at $0.5034 is possible, with a next target around $0.5062 (R1).
Bottom Line: Keep an eye on $0.4992:
- A clear break below it suggests more downside to ~$0.4964 or ~$0.4922—consider bearish plays with a stop near $0.504.
- If it holds and bounces, look for a relief rally to $0.5034–$0.5062—consider a quick long with a stop just under $0.4992.
