#WCTKING #WCTPricePredictio $WCT

Technical Analysis:

📆 1. Monthly Chart (1M)

  • Current Price: $0.3222

    July monthly candle is about to close (less than 48 hours left)

    The current candle shows a long upper wick rejection from above $0.41
    🔹 Key Observations:

  • Heavy upper wick last month = Strong buyer rejection

    Currently forming a neutral Doji above $0.30 — no bullish confirmation yet

    Monthly volume continues to drop, signaling fading bullish momentum
    🔥 What the Monthly Close Means:

  • A close below $0.34 confirms bearish continuation into August

    A break below $0.30 in early August could trigger a move toward $0.24 – $0.27

📉 2. Weekly Chart (1W)

  • Price got rejected at $0.3758 and dropped back to $0.3225

    Candles show indecision (Doji / weak hammers)
    🔹 Key Zones:

  • 🔻 Strong demand zone: $0.2920 – $0.3100

    🔺 Immediate resistance: $0.3530, then $0.4014
    🔸 Volume:

  • Weak buying volume on the bounce = lack of conviction for a breakout

📅 3. Daily Chart (1D)

  • Several bearish candles after rejection from a Bearish Order Block (OB) around $0.4014

    Price now retesting a clear Demand Zone: $0.2900 – $0.3200
    💥 Notables:

  • OB rejection = confirmed resistance

    Low volume during pullback = exhaustion, not panic

    Structure remains neutral unless $0.29 breaks on closing basis

📊 Estimated Indicators (visually interpreted):

  • RSI likely under 50 → weak bullish momentum

    EMA 20/50: Bearish crossover happened recently

    Volume: Weak — suggests short-term correction, not collapse yet

🎯 Trading Strategy Ideas:

🔽 If $0.29 Breaks With Daily/Weekly Close:

  • Sell Entry: $0.3200$WCT

    Stop-Loss: $0.3530

    Take-Profit 1: $0.2750

    Take-Profit 2: $0.2470 (Fibo 1.618 extension)

🔼 If Price Bounces With Strong Bullish Candle:

  • Buy Entry: Only after bullish engulfing pattern$WCT

    Stop-Loss: $0.2850

    TP1: $0.3530

    TP2: $0.4010

⏰ Why This Monthly Close Matters:

  • It defines the directional bias for August:

    • 🔴 Close below $0.30 = likely bearish continuation

    • 🟢 Close above $0.35 = chance for bullish recovery

✅ Summary Table:
Indicator
Status

Trend
Weak Bearish

Critical Zone
$0.29 – $0.32

Trade Setup
Sell on breakdown, Buy on reversal

Note
Monthly close will confirm the path