Trends and Strategies:
• Short-term (1–3 days):
$WCT is accumulating around the range $0.295 – $0.305. If it breaks the upper Bollinger band ($0.3062) with high volume, it is highly likely to test the range $0.31 – $0.314. Conversely, if it loses $0.2946 (lower band), the price could retreat to $0.288 – $0.292.
• Trading Strategy:
• Support area: $0.292 – $0.295
• Resistance area: $0.306 – $0.314
• Wait for a breakout confirmation with strong volume to enter trades in the direction of the breakout
• Prioritize day trading when Bollinger is tightly coiled as it is currently
⸻
⏳ Conclusion: $WCT is in a narrow accumulation phase, waiting for a breakout. The market is slightly leaning towards a decline but is showing signs of recovery. Closely monitor the range $0.294 – $0.306 to determine the next direction.