🤑 WCT ENTRY and TAKE PROFIT POSITIONS
Based on the 15-minute chart of WCT/USDT, we apply the strategy of entering at a lower high. A lower high occurs when price makes a temporary rebound in a downtrend but fails to exceed the previous high.
Currently, price is $0.3821, and it just bounced from a recent low at $0.3691, forming a potential lower high near $0.3842.
Entry Strategy:
Wait for confirmation that the current candle fails to break above $0.3842. If a red candle forms below this level, you can enter a short position at $0.3820–$0.3830.
Stop Loss:
Place a tight stop loss just above the previous high at $0.3855 to limit risk.
Take Profit Target:
Set your take profit near the recent support at $0.3715–$0.3700.
This trade aims to catch the continuation of a downtrend from the lower high formation. Confirm with volume and RSI divergence for higher accuracy.