$WCT
The risk is still present, but it is relatively low compared to the potential reward. The price was just above 0.40 a few hours ago, opening the door for a quick return if the general mood improves. Technically, the current volatility may be a precursor to a short-term upward movement. Gradual entry is recommended to avoid momentary fluctuations. It is possible to buy a small percentage now while monitoring the development of technical indicators. If a strong reversal candle appears, the buying position can be reinforced. This method mitigates the impact of poor timing. Time analysis shows that we are at the end of a correction cycle, not its beginning.
Go to the currency from here: $WCT
If the price returns to 0.40, this represents a profit exceeding 10%. Therefore, the risk-to-reward ratio is good. In the markets, severe declines can be disguised opportunities. Many traders sell out of fear, not based on indicators. This is where the advantage of the conscious trader comes in. If you can buy when others are afraid, you are ahead of the market. Do not wait for delayed signals from the media or news sites. The market shows its signals on the chart before anywhere else.
$WCT
Patience is very important after buying. Do not expect immediate profits. Set an initial target at 0.385 and a secondary target at 0.40. Targets can be adjusted according to the trend's development. A smart trader does not chase the market but waits for opportunities. Today, WCT shows an opportunity at support. Technical analysis indicates a probable bottom. Market psychology shows general fear. The combination of both creates an opportunity. This does not mean that the rise is guaranteed. It means that the upward probability is higher. Buying here is supported by technical and psychological signals.