$WCT ### Bearish Signals:
1. **Price Trend**: The price is currently at $0.3430, down 4.67% recently, and below both the 25-period MA (0.3703) and 99-period MA (0.4202), indicating a strong downtrend.
2. **Moving Averages**: The price is significantly below the MA(25) and MA(99), confirming bearish momentum.
3. **MACD**: If the MACD line is below the signal line (common in bearish trends), this would further support a sell signal.
4. **Volume**: High 24-hour volume (147.09M WCT) suggests active selling pressure.
### Potential Trade Signal:
- **Short Entry**: Consider a short position if the price remains below the MA(25) (0.3703) or retests it as resistance.
- **Take-Profit Targets**:
- First target: 0.3347 (24h low).
- Second target: Extend to 0.3000 if the downtrend continues.
- **Stop-Loss**: Place above the MA(25) (e.g., 0.3750) to limit risk.
### Key Levels:
- **Resistance**: 0.3703 (MA25), 0.3860 (recent high on the chart).
- **Support**: 0.3347 (24h low), 0.3300 (psychological level).
### Additional Notes:
- Monitor the MACD for bearish crossover confirmation.
- High volatility suggests using tighter risk management (e.g., smaller position size).
Always confirm with additional indicators and manage risk appropriately.
