Weekend mainstream coins generally do not fluctuate much, today we will take a look at altcoins.
After publishing the article yesterday morning, WCT stabilized support and started to rise. So far, the price has risen above the moving average, with a short-term bullish structure.
From the candlestick chart, the 0.322 position has shown consecutive upper shadows, indicating selling pressure in that area. The lows are gradually rising, forming a triangular convergence pattern.
In terms of volume, there is a clear decrease, and the fast and slow lines are sticking above the zero axis, indicating exhaustion of bullish momentum.
Breakthrough strategy:
If the volume breaks above 0.322, one can enter a light long position, targeting 0.339.
A false breakout at this level could form a bearish trap.