WCT is currently trading at $0.3451, posting a modest +0.17% gain, and continuing its sideways consolidation within a healthy range of $0.3318 to $0.3535. After bouncing off the lower support around $0.3350, bulls are once again attempting to reclaim control.
š¹ The RSI at 57.14 suggests that there's still upside potential before hitting overbought levels, while the MACD remains close to the baseline, hinting at a possible momentum shift in favor of buyers. Volume remains stable, showing consistent interest without signs of exhaustion.
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š Key Technical Levels:
Resistance: $0.3698 (major breakout level)
Support: $0.3212 (recent local bottom)
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šÆ Trade Setup:
Buy Zone: $0.3350 ā $0.3430
Stop Loss: Below $0.3210
Target 1: $0.3600
Target 2: $0.3698 and possibly higher if breakout holds
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š„ My Take:
WCT is holding above a critical support range and showing signs of accumulation. If buyers manage to push through $0.35 with volume, we could see a swift rally toward $0.3698 and beyond. However, a daily close below $0.3210 would invalidate the setup.
š Stay alert ā breakout traders should keep eyes on volume spikes and RSI crossing 60+ for stronger confirmation.