$WCT Technical Analysis for the 4-Hour Frame (4H)

✅ 1️⃣ General Trend:

The short-term trend is clearly bearish. The price is currently in a zone close to the lowest level in 24 hours at 0.4160, and the highest price is 0.4945.

✅ 2️⃣ Indicators:

Bollinger Bands:

The price is moving near the lower band, indicating strong selling pressure.

RSI (6):

The reading is around 17.33, indicating that the market is in a strong "oversold" condition.

MACD:

The lower lines (DIF and DEA) are below zero, indicating the continuation of the bearish momentum, but there is a convergence between the lines which may indicate a slowdown in the negative momentum.

✅ 3️⃣ Volume:

We notice a clear decline in trading volume, remaining very weak (low volume curve).

💡 Recommendation:

The market is currently generally bearish, but there is a possibility of a short-term rebound due to oversold conditions.

Be very cautious, and trade only with calculated risk (capital management is important).#Write2Earn