Summary Technical Analysis - Waltonchain (WTC)
WTC is in a critical situation with almost no liquidity and a price at historical lows (~$0.0013 USD). The trend is strongly bearish (>99% drop from its peak). Traditional technical indicators are unreliable due to the lack of activity.
Take Profit (TP) and Stop Loss (SL) Levels
These levels are based on psychological resistances and extreme risk management, not on solid technical patterns.
Take Profit (TP) - Sell Targets for Taking Profits
* TP 1: $0.0026
* Logic: Double the current price. It is a first speculative target in the face of an unlikely spike in volatility.
* TP 2: $0.0050
* Logic: Psychological resistance of half a cent. It would require a significant capital influx, but it is a medium-term target if a rebound occurs.
* TP 3: $0.010
* Logic: Key level at the 1 cent barrier. A long-term target in case of a greater speculative recovery.
Stop Loss (SL) - Sell Orders to Limit Losses
* SL 1: $0.0009
* Logic: Just below the psychological support of $0.0010. Losing this level could accelerate the drop towards the historical low.
* SL 2: $0.00008
* Logic: Corresponds to the known historical low. It is the last support; a drop below this point would mean a total price collapse.