🚀$WCT Approaching Critical Breakdown or Rebound Zone? Traders Eye This Move🚨

📊 Timeframes Observed: 1H & 4H

📉 24H High/Low: $0.4378 / $0.3989

📉 24H Change: -6.35%

🧠 Chart Analysis & Trading View:

Trend Outlook: $WCT is currently in a weak downward channel, with no strong bullish reversal yet.

Moving Averages: Price is trading below the 50 EMA, suggesting pressure from sellers still exists.

MACD: Signal lines remain below the zero line, but histogram bars are flattening, indicating possible consolidation or a weak bounce attempt.

RSI (14): Hovering around 34–39 zone, nearing oversold region but not signaling a sharp reversal yet.

📌 Bearish Strategy (Short Bias):

If price rejects again from 0.4150–0.4170 resistance zone, look for a short entry:

Entry: $0.4140✅

Targets: 🎯

Target 1: $0.4050

Target 2: $0.3985 (liquidity grab zone)

Stop Loss: $0.4185

Risk Level: Medium

Rationale: Price respecting trend resistance + weak volume + RSI not supporting continuation.

📌 Bullish Counter-Plan (If Reversal Strengthens):

If price breaks and holds above $0.4180 with strong volume:

Entry: $0.4190

Target: $0.4320

Stop Loss: $0.4115

🧠 Pro Takeaway:

$WCT ’s current consolidation after a sell-off hints at indecision. Bears are slightly in control, but RSI nearing oversold could offer a short-term bounce. However, until key moving averages are reclaimed, rallies may be short-lived.

📌 Avoid trading in the chop zone between $0.4080–$0.4150 without a clear breakout or rejection.

📢 "Don’t force a trade. The market pays the patient, not the aggressive."

📎 This is not financial advice. Trade based on your own research and risk tolerance.

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