$WCT Dead Bounce Deeper Dive Ahead.....
$WCT has been in a consistent downtrend, making lower highs and lower lows. Despite a temporary recovery, the recent price action shows weakness and another leg down seems likely.
š SHORT Trade Setup
ā¢ Entry Zone: 0.3085 ā 0.3110
ā¢ TP1: 0.2960
ā¢ TP2: 0.2880
ā¢ TP3: 0.2800
ā¢ Stop Loss: Above 0.3230
Market Insight:
The 4H chart shows price rejection near the 0.3235 mark with no significant volume backing the bounce. With strong selling pressure in the order book and overall market sentiment bearish, this setup favors short traders expecting another breakdown below support.