After a long downtrend, WCT has found a potential bottom and is now moving sideways in a very tight range. This is the ultimate "indecision zone." Impatient traders will try to predict the next move and get caught on the wrong side.
A professional trader waits for the market to confirm its direction. We will define the battle lines and act only when a clear winner emerges.
📊 The Analysis: Defining the Battlefield
The price is currently squeezed between a well-defined floor and ceiling:
🔹 Resistance (The Ceiling): Sellers are capping the price at the $0.3126 level.
🔹 Support (The Floor): Buyers are trying to establish a firm bottom at $0.3033.
🔹 The Market Emotion: A fragile hope for a bottom mixed with the fear of another drop.
📈 The Game Plan: Don't Predict, React.
The #1 rule for this chart is patience. Do not trade inside this tight range. We must wait for a decisive break to confirm the market's next move.
1. The Bullish Reversal Plan 🐂
✅ Entry Signal: Wait for a strong 1-hour or 4-hour candle to close decisively ABOVE the resistance at $0.3126. This is the first real proof that buyers are taking control.
🎯 TP1: $0.3194
🎯 TP2: $0.3280
🛑 SL: Place it back inside the range, around $0.3095.
trade $WCT here
2. The Bearish Continuation Plan 🐻
✅ Entry Signal: Wait for a strong candle to close decisively BELOW the support at $0.3033. This confirms the bottom has failed and the downtrend is likely to resume.
🎯 TP1: $0.2980
🎯 TP2: $0.2900
🛑 SL: Place it back above the broken support, around $0.3060.
trade $WCT here
🔥 The Bottom Line: Don't try to be a hero and catch the exact bottom. Let the market prove to you that the bottom is in by breaking the resistance. This is how you trade with confirmation, not hope.
👇 So what's next for WCT? A true reversal UP 📈 or another leg DOWN 📉? Vote in the comments!
❤️ Like if this plan helps you avoid guessing, and follow for more clear strategies!