WCT is trading at $0.3687, currently experiencing a minor pullback after a powerful rally from its July lows. The daily chart shows a clear trend reversal, with the price carving out a rounded bottom and initiating a new, sustained uptrend.
The price action demonstrates a shift from bearish to bullish momentum, with a series of strong green candles leading up to the recent high. This consolidation could be a healthy pause before the next leg up.
📈 Key Levels:
Resistance: $0.3827 (Recent High), $0.4000
Support: $0.3500, $0.3200
🎯 Buy Zone: $0.3550 – $0.3680
🛡 Stop Loss: Below $0.3450
🎯 Target 1: $0.3820
🎯 Target 2: $0.4000 and higher
🔥 My Take: The U-shaped recovery is a very bullish sign, indicating that sellers are exhausted and buyers have taken control. This dip offers a potential entry point. If bulls defend the $0.3500 support, a retest of the recent high at $0.3827 is likely, with a breakout paving the way towards the psychological $0.4000 level.
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