Evening Market Overview on July 22: WCT Rising Triangle Forms V-Reversal
$WCT temporarily found support at 0.3578, forming an ascending triangle structure and starting a V-reversal rally; MACD bottom divergence also shows a bullish structure
Waiting for WCT to test the trendline without breaking it, or if it breaks then retest and go long, with a stop loss at 0.3627 and targets at 0.3707 and 0.378; similarly, if the trendline is broken with a solid bearish candle without a retest, then go short, with a stop loss at 0.369 and targets at 0.3599 and 0.3526
On the right side, wait for a breakout above 0.369 to stabilize and follow the trend to go long, with a stop loss at 0.365 and targets at 0.3753 and 0.3796; conversely, set up a high short position at 0.3836, with a stop loss at the previous high of 0.3861, and targets at 0.3772 and 0.369
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