#WalletConnect

6.29 Market Overview: WCT Forms a V Reversal

$WCT Yesterday, we mentioned there was an opportunity to re-test the 0.3071 level for a long position. Today, upon reviewing, it indeed confirmed our long entry strategy, as 0.3071 is the point where the trend line ascends and the support resonates. Therefore, we went long here and took profits.

Conversely, now at 0.32, it is precisely the resonance position of WCT support and the trend line. If you want to chase long positions, you can enter at market price, with a stop at 0.3184. Targets are 0.3251 and 0.3296; conversely, for a high short, you can set up at 0.3296, as this is a densely packed resistance area and will definitely have selling pressure, with a stop at 0.3385 and targets of 0.3251 and 0.3184@WalletConnect

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