The risk is still present, but it is lower than it was at the beginning of the decline. The price touched a local bottom at 0.3541, and signs of a technical rebound have begun to appear. Currently, it is trading at 0.3616, which is very close to the bottom, making the current entry point attractive in terms of risk-to-reward ratio.
Technically, the current volatility and sideways movement after the sharp decline may be a precursor to a short-term upward movement. RSI and Stoch indicators indicate previous selling saturation with the beginning of recovery.
Gradual entry is recommended at this stage, with a small percentage allocated now and watching for any strong reversal candle to strengthen the buying position.
The time analysis shows that we are not at the beginning of the crash but at the end of an extended correction cycle. The price has lost more than 10% over two days and has begun to stabilize above the support level.
If the price returns to 0.3880 or 0.40, this represents gains ranging from 7% to 10%, making the trade attractive in terms of return versus risk.
Many traders sold out of fear after the drop, not based on a real technical reading. Here lies the opportunity for the smart trader.
If you can buy when others are afraid, you are ahead of the market. Do not wait for delayed signals from the media; the market is giving its signals now.
🎯 Suggested targets:
First target: 0.385
Second target: 0.398
Proposed stop loss: a clear break of the level 0.351
Patience after buying is very important. Do not expect instant profits, but calmly follow the trend's development. Today, WCT shows an opportunity at a strong psychological and technical bottom, and market indicators suggest a state of general fear... and this is a perfect mix for buying opportunities.
This does not mean that the rise is guaranteed, but it means that the upward probability is stronger than the downward one at the moment. Buying here is supported by clear technical and psychological signals.
