#cryptotradingpro #Signal🚥.
📊 $WCT /USDT Technical Analysis: What's happening?
💡 Current price: 0.4323 USDT (-9.41% per day). After the peak at 1.3928, we are seeing a sharp decline - correction or reversal? Here's what the indicators show:
🔹 Bollinger Bands: The price fell below the middle band (0.66449) and is approaching the lower band (0.2753). Oversold is close!
🔹 RSI(6): 27.66 - oversold zone. Possible rebound? 🔹 MACD: Negative (-0.0527), bearish momentum persists.
🔹 Volumes: Peaked at 2.98B, now 91.1M - selling pressure is decreasing.
—————————————————————-
📈 Trend:
• Long-term: bullish (growth from 0.3508 to 1.3928).
• Short-term: bearish (price below MA(5)).
🔑 Levels:
• Resistance: 1.3928, 0.66449.
• Support: 0.2753, 0.3508.
💡 Recommendations:
• Buyers: expect a rebound from 0.2753–0.3508 (RSI > 30).
• Sellers: the decline may continue to 0.2753, but be careful due to oversold conditions.
• Stop loss: for purchases < 0.2753, for sales > 0.66449.
—————————————————————-
⚠️ High volatility! Follow the news and support/resistance levels. What do you think about WCT? Share in the comments! 👇