Based on the 4-hour chart of $WCT /USDT,

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📊 Technical Analysis Summary:

1. Price Trend:

After peaking at 1.3941, price sharply dropped and is now consolidating around $0.3711.

The price is trading below all major EMAs (7, 25, 99), indicating a strong bearish trend still in effect.

The EMA(7) is below the EMA(25) and EMA(99), confirming continued downward momentum.

2. MACD:

MACD is near the zero line but still slightly negative (DIF: -0.0108, DEA: -0.0121).

Histogram is flat, suggesting weak momentum — no clear bullish reversal yet.

3. RSI:

Currently at 35.13, which is near the oversold territory (30). A slight bounce could happen if buyers step in.

4. Volume:

Declining volume after the major crash. No significant buying volume seen yet.

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📌 Intraday Trading Signal – Range-Bound Reversal Possibility

🟩 Long (Buy) Setup – Reversal Play (Risky)

Entry Point: $0.3650 – $0.3700

Stop-Loss: $0.3550 (below recent low)

Take-Profit Target(s):

TP1: $0.3950 (first resistance)

TP2: $0.4200 (EMA(25) area)

TP3 (optional swing): $0.4750 (EMA(99))

Justification: Price is consolidating after a huge drop. RSI near oversold. If price holds above $0.3650, a short-term bounce is likely.

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🟥 Short (Sell) Setup – If Breakdown Continues

Entry Point: $0.3640 (if price breaks recent support)

Stop-Loss: $0.3760

Take-Profit Target(s):

TP1: $0.3400

TP2: $0.3100 (historical support zone)

Justification: If bearish momentum resumes and support at $0.3650 is broken with volume, the downtrend could continue.

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🧠 Risk Note:

Low volume and flat momentum suggest this is not yet in a strong breakout phase.

Safer to wait for confirmation:

Bullish confirmation = Break above $0.3900 with volume.

Bearish confirmation = Break below $0.3640.