WCT is currently trading at $0.3378, down -1.94%, but showing signs of a potential short-term reversal after bouncing off the $0.3334 support. The 15-minute chart reveals a slight recovery with increasing buyer pressure.
The RSI(6) at 51.61 suggests that momentum is shifting back toward the bulls, and the KDJ indicator is also pointing toward a possible upward continuation. Meanwhile, the MACD is flat but stabilizing, hinting that the bearish momentum may be fading.
š Quick Technical Breakdown:
ā Support held at $0.3334 ā a key level buyers are defending.
ā Price is climbing back toward the short-term resistance of $0.3430ā$0.3450.
ā Volume is slowly picking up, a good sign of accumulation after the dip.
š Key Levels to Watch:
Immediate Resistance: $0.3430
Major Resistance: $0.3535
Support: $0.3334 (critical short-term level)
šÆ Trade Setup:
Buy Zone: $0.3340 ā $0.3390
Stop Loss: Below $0.331
Target 1: $0.3430
Target 2: $0.3535
Bonus Target: $0.3590+ if breakout confirms
š„ My Take:
WCT is trying to recover from a local bottom. If bulls maintain control above $0.3350 and manage to break $0.3430, a push toward $0.3535 and beyond is on the table. Stay cautious, manage your risk, and keep an eye on volume confirmation!
