DON'T BUY $WCT UNTIL YOU READ THIS STRATEGY
Buy on Confirmation of Breakout with Volume
1. Current Condition
Price is at $0.3821, approaching the recent resistance at $0.3842.
Volume has significantly increased — a bullish sign. RSI is 75.9, slightly overbought, but a breakout with high volume can still push higher.
2. Entry Plan (Breakout Buy):
Wait for price to break above $0.3845 with strong bullish candle and continued high volume.
If confirmed, enter at $0.3850–$0.3860.
3. Take Profit Target:
First TP: $0.3950 (24h high).
Second TP: $0.4000+ if momentum continues.
4. Stop Loss:
Place SL at $0.3770, below moving average (MA-25 and MA-99), in case breakout fails.
5. Extra Confirmation:
Watch RSI: if it stays strong without bearish divergence, hold.
Monitor volume: rising green bars = bullish strength.
Summary:
Breakout trading is best now. Don't enter blindly, wait for a strong push above $0.3845 with volume confirmation.