$WCT /USDT – 1-Hour Chart Analysis 🔗📲
"Wallets talk — will prices follow?"
🎯 Upside Targets:
• Target 1: $0.3700 USDT – Recently tested resistance during the last breakout.
• Target 2: $0.4200 USDT – Key level from April's previous rejection zone.
• Target 3: $0.5000 USDT – Psychological resistance with past cycle liquidity concentration.
🛡️ Support Levels:
• $0.3300 USDT – Aligned with the 20 & 50 MA, offering near-term support.
• $0.3100 USDT – 200 MA zone; crucial for maintaining bullish structure.
🔍 Technical Snapshot:
• Current Price: $0.3456 USDT
• Trend: Short-term recovery underway, but no confirmed breakout yet.
• Moving Averages:
• 20 MA: $0.3355
• 50 MA: $0.3362
• 200 MA: $0.3159
⚙️ Market Insight:
Price is holding above both the 20 and 50-hour moving averages, signaling short-term strength. A breakout above $0.37 could ignite stronger bullish momentum. However, a break below $0.31 would likely invalidate the setup and weaken the structure significantly.
⚠️ Risk Note:
This is a fast-moving setup with high volatility. Always use stop-loss orders and manage your risk carefully.
This is not financial advice. Trade responsibly.
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