$WCT showing signs of recovery after massive crash from $1.3736
📈 Now at $0.4325 — up 0.79% daily, bouncing from $0.4057 floor
💥 24h Vol: 47.80M WCT | Eyes on reclaiming $0.4546 resistance
Technical Analysis:
Strong rejection and oversold bounce from $0.4057 (24h low)
Volume spike during crash, now tapering as price stabilizes
Previous support at $0.4546 now acting as resistance
Tight consolidation range between $0.4057 and $0.4546
Need confirmation above $0.4546 for further recovery
Targets:
🎯 Short-term: $0.4546 (5.1% upside)
🎯 Medium-term: $0.5700 (31.8% upside if breakout confirmed)
🎯 Stop-loss: Below $0.4057 (6.2% downside)
Risk Assessment:
High volatility expected after sharp drop
Could be a dead cat bounce if not confirmed with volume
Market sentiment fragile; wait for breakout above resistance for bullish confirmation
DYOR (Do Your Own Research)
Bottom found or bull trap? DYOR
