WCT/USDT Trading Strategy (Short-term Trading within 12 Hours) - Summary**
โ Entry Price:**
- **Short:**
- Current Price **0.4735** **or**
- Price falls back from **0.4796** (Resistance Level).
- **Long:**
- Only if price rebounds from **0.4699** (Support Level) and confirms:
- RSI falls below 70.
- Volume increases.
๐ฏ Take Profit:**
- **Short:**
- **TP1:** 0.4699 (Recent Support Level).
- **TP2:** 0.4603 (Strong Support Level).
- **Long:**
- **TP:** 0.4796 (Resistance Level).
โ Stop Loss:**
- **Short:** **Above 0.4829** (Highest Resistance Level).
- **Long:** **Below 0.4603** (Key Support Level).
๐ Key Considerations:**
1. **RSI (78) indicates overbought โ Short-term bias towards short.**
2. **Current volume (1.8M) is above average โ Possible significant volatility.**
3. **Need to closely watch price reactions around 0.4699.**
๐ Final Conclusion:**
- **Best Opportunity: ** **Short**, Entry Range **0.4735-0.4796**, Targets **0.4699 or 0.4603**.
- **Long carries higher risk, unless price strongly rebounds and stabilizes above 0.4699.**
> โ ๏ธ Be sure to set stop losses, with single trade risk controlled within 1-2% of total capital!
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**Trading Tips:**
- Short-term trading requires quick reactions, setting price alerts is recommended.
- If price breaks above 0.4829, re-evaluate the trend.
Wish you successful trading! ๐
(Note: The market is constantly changing, strategies need to be adjusted based on real-time data.)#CEXvsDEX101 #CEXvsDEX100 $WCT