WCT is trading at $0.3558 (+2.54%), showing strong signs of bullish momentum as it challenges key resistance at $0.3586. The 4H chart reveals a healthy upward trend, bouncing off the $0.3441 zone and aiming to reclaim the previous high of $0.3698.
The price has broken through its consolidation range between $0.3297 and $0.3586, and is now approaching a critical breakout level.
š Indicators:
RSI (6) is currently at 72.14, entering overbought territory ā a sign of strong momentum but nearing a cooling zone.
MACD is slightly bullish with positive divergence forming.
Volume is picking up, suggesting buyer interest is growing.
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š Key Levels:
Resistance:
$0.3586 (current level being tested)
$0.3698 (previous high)
$0.3731 (next target)
Support:
$0.3441 (recent breakout level)
$0.3297 (local support)
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šÆ Trade Setup:
ā Buy Zone: $0.3450 ā $0.3550
š” Stop Loss: Below $0.3440
šÆ Target 1: $0.3600
šÆ Target 2: $0.3731 and beyond
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š„ My Take:
If WCT holds above $0.3440, bulls remain firmly in control. A clean breakout above $0.3586 could trigger the next leg up toward $0.3731 and potentially new highs. RSI is hot, so watch for short-term pullbacks ā but overall momentum favors the upside.
š Stay sharp, manage risk, and ride the wave! š
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