Since WCT was sold off on May 31, the price has continued to decline, hitting a low of around 0.286. From a daily chart perspective, the price has been oscillating at the bottom in a narrow range. However, from the indicators, after a long period of consolidation, WCT's price is currently attempting to break above the daily 30MA. So, can we still participate in WCT now?

From the chart, it can be seen that after the sharp drop on May 31, there were multiple bearish candles appearing at the circled position on the daily chart. This selling pressure can be understood as panic selling, which means retail investors are offloading. Therefore, taking the panic high of around 0.66 as the mid-term rebound profit-taking position. According to the current price, WCT has not broken the daily 30MA; hence, we cannot determine whether the market has stabilized and prices will rise in the short term. Therefore, wait until the daily price stands firmly above the 30MA before participating with a small amount of funds for a potential doubling. Of course, for the aggressive ones, it is not impossible to enter the market now, but one must pay attention to whether the area around 0.286 holds; if it breaks below, an immediate stop-loss should be executed to wait for the next entry opportunity. $WCT