💡 Quick Technical Analysis:
✅ WCT is at its lowest levels! The price is currently trading at $0.3084 after a sharp drop from the historical peak of $1.3941 – as if the market is resetting the counter in preparation for a new phase. 😮💨
✅ RSI at 27.62 – has entered the oversold area! This is often considered an early signal for a potential upcoming reversal or a possible technical bounce.
✅ Stochastic K indicator at 22.65 – also in a very low area, supporting the idea that the market may be preparing for a corrective rise or at least a temporary stop to the bleeding.
✅ MACD is still negative – but it's showing a decline in selling momentum, and if this pattern continues, we might see a bullish crossover soon.
📈 Expected Scenario:
If WCT manages to hold above $0.30 and breaks the $0.3235 level (the highest level in the last 24 hours), this could be the beginning of a short upward journey to the $0.40 area as the first target.
However, if it breaks down below $0.30, it may return to test the old support at $0.20 – an area where strong buying liquidity is expected to appear.
$WCT
⚠️ Advice (from the heart of the market ❤️):
If you are out of the market waiting for the opportunity, this price area is very low compared to previous peaks – but it needs momentum confirmation before entering strongly.
And if you are in the market and have incurred losses, don't panic... but don't hang on without a plan! Monitor the indicators and wait for clear reversal signals.
$WCT
🚨 Don't forget: Real opportunities are born at the bottoms... but only for those who don't close their eyes in the storm! 🌪️
🎤 The important question: Is this the real bottom for $WCT ? Or is there another bottom waiting for us before the rise? Share your opinion 👇