š» $WCT /USDT ā Bounce Fakeout or Real Drop Incoming?
Current Price: $0.3738 | 15M Chart
š Price Action Recap:
$WCT rejected hard from $0.3863 and slid toward $0.3654 before a weak bounce. Current structure suggests a potential lower high forming ā classic bearish setup brewing.
š Key Levels:
⢠Resistance: $0.3825 (SL zone)
⢠Key Breakdown Zone: $0.3700
⢠Support Target Zones: $0.3680 / $0.3620 / $0.3540
šÆ Short Trade Setup:
⢠Entry: $0.3745 ā $0.3760
⢠TP1: $0.3680
⢠TP2: $0.3620
⢠TP3: $0.3540
⢠SL: $0.3825
ā ļø Market Insight:
Failure to reclaim $0.38 with volume = momentum remains bearish. If $0.3700 breaks, expect a clean continuation lower.
šÆ Setup favors short-term downside ā monitor structure closely for breakdown confirmation.