📉 $WCT /USDT 4H – Bleeding Into Support

📍 Price: $0.3855

🔻 Down nearly 80% from peak — testing historical support

🔍 Price Action Recap:

After the euphoric spike toward $1.80, WCT has been in freefall mode. No sugarcoating — this is a classic post-hype deflation.

🧠 What the Chart Shows:

Price is now clinging to the same support zone it launched from in mid-May

MA(7): $0.4020 and MA(25): $0.4219 are above price = downtrend confirmed

MA(99): $0.6076 = major resistance unless some miracle bounce happens

📊 Volume has dried up and momentum indicators are likely in oversold zones — but no clear reversal signals… yet.

⚠️ Key Levels to Watch:

✅ Hold $0.37–0.38 = possible base formation (bottom fishing zone)

❌ Break below $0.36 = opens door to full retrace toward $0.28–0.30

✅ First reclaim target = $0.45 (MA cluster and previous consolidation)

🎯 Bounce Play Setup:

Entry: $0.385 (tight base entries only for risk-takers)

Target: $0.42 → $0.45

Stop: Below $0.365

📉 Alternative? Wait for MA(7) and MA(25) crossover from below, showing a trend reversal forming.

This one’s sitting on the edge. Either it’s forming a capitulation bottom, or the silence before another dump. Only volume will tell.

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!