Analysis of asset 🔥 $WCT
Based on the available data for the WCT/USDT pair, here are the suggested daily targets:
#Daily targets for WCT/USDT:
1. **Current price:** 0.3520 USDT (+0.40%).
2. **Nearby resistance:**
- If the uptrend continues, the target could be **0.3600 USDT** (psychological resistance).
- In case this resistance is broken, the next target could be **0.3750 USDT**.
3. **Nearby support:**
- In case of a price drop, the first support is at **0.3450 USDT**.
- If it drops further, the next support is at **0.3350 USDT**.
4. **Other indicators:**
- **Volume/Market Cap (73.49%)** indicates good liquidity, supporting price movement.
- **Concentration (7.10)** may indicate moderate volatility, so it's advisable to use stop-loss orders.
Recommendations:
- **Long-term traders:** Monitor the resistance test at 0.3600 USDT to enter new positions.
- **Short-term traders:** Take advantage of the volatility between 0.3450 and 0.3600 USDT with a stop-loss below support or above resistance.
- **Risk management:** Do not exceed 5% of capital in a single trade due to market volatility.
> Note: These targets are based on current data and may change as market conditions change
