๐ $WCT /USDT Trade Setup (Daily Chart)
Current Price: $0.3402 (-5.94%)
Last Low: $0.3351
EMA Status:
EMA(7): $0.3694 (Above price โ acting as resistance)
EMA(25): $0.4616 (Far above โ long-term bearish trend)
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๐ Key Observations
๐ป Trend: Strong downtrend after peak at $1.3941
๐ MACD: Bearish, flat histogram but no reversal signal yet
๐งช RSI: 21.23 โ Extremely oversold
๐ง Stoch RSI: 0.0000 โ Max oversold zone
๐ Volume: Drying up โ suggests seller exhaustion
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๐ก Trade Idea
๐ Reversal Long Setup (High Risk / High Reward)
If $0.3351 holds as a bottom, expect a dead-cat bounce or technical relief rally.
Aggressive Entry: Current price ($0.3402)
Conservative Entry: On reclaim of EMA(7) at $0.37 with volume spike
๐ฏ Targets:
TP1: $0.395
TP2: $0.460
TP3: $0.515 (EMA(25) zone)
๐ Stop-Loss: Close below $0.325 (break of support)
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โ ๏ธ Risk Management
Very oversold, but trend still down
Small position size recommended
Wait for volume breakout or bullish divergence for better confirmation
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โ Conclusion
WCT is in extreme oversold condition and may bounce from this zone. Ideal for a short-term relief rally trade, not long-term holding unless confirmed reversal.
Take Trade From here $WCT
๐ Follow for Updates
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