#TradingStrategyMistakes
#WCTUSDT
1. Visible Indicators
Current price: 0.3217 USDT
Nearest support: 0.3170 (24-hour low)
Nearest resistance: 0.3292 (EMA20) – 0.3335 (EMA50)
RSI (14): 30.27 → Approaching oversold (potential short-term rebound).
Parabolic SAR: The SAR point is still above the candle, meaning the short-term trend is still bearish.
EMA20 & EMA50: EMA20 < EMA50 → the trend is still down (bearish).
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2. Is it Time to Buy?
✅ Potential Buy (Scalping / Short-Term):
Since the RSI is approaching oversold (30) and the price is near the support area of 0.3170, there is a possibility of a small rebound towards the EMA20 area (around 0.3290–0.3330).
However, the main trend is still bearish, so it is more suitable for quick scalping, not long swings.
❌ Not Suitable for Long-Term Buy:
EMA and SAR still show a downward trend.
It is advisable to wait for confirmation if the candle starts closing above EMA20 (0.3290) for the trend to start reversing.
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3. Position Recommendation (Short-Term Scalping)
Entry Buy: around 0.3180 – 0.3200 (near support).
Take Profit (TP) Targets:
TP1: 0.3290 (EMA20)
TP2: 0.3330 (EMA50) (if it successfully breaks EMA20)
Stop Loss (SL): below strong support 0.3150 (if breakdown, bearish trend continues).
