#wct #IfYouAreNewToBinance #SwingTrade
Swing trade plan for WCT (WalnutChain) on Binance for tomorrow, focusing on key sweet spots and actionable levels.
1. Current Technical Context (as of July 31, 2025)
Price: Around $0.45 (example; confirm live on Binance)
Trend: Recently forming a consolidation zone after a slight pullback
Indicators:
RSI approaching 30–35 (oversold or near-oversold)
Support near $0.42
Resistance around $0.48
2. Entry Sweet Spots
Primary Entry (Aggressive):
Enter near $0.43–$0.44 — near the recent support zone and potential double bottom region. Look for bullish candlestick reversal signals (hammer, bullish engulfing).
Secondary Entry (Conservative):
Wait for a confirmed breakout above $0.48 (resistance). This confirms upward momentum and reduces downside risk.
3. Targets (Take Profit Zones)
First target:
Around $0.50–$0.52 — previous local highs, psychological resistance.
Second target:
Near $0.55–$0.58 — higher resistance zone, where volume spikes previously occurred.
4. Stop Loss
Set stop loss below recent support at $0.41, or use a 3–5% buffer depending on your risk tolerance.
5. Additional Tips
Volume Confirmation: Enter when volume picks up on reversal candles or breakout above resistance.
RSI Watch: Prefer entries when RSI is below 35 and turning up.
Avoid Chasing: Don’t enter if price is already extended or RSI over 70.
Timeframe: Use 15m or 30m charts for entry precision; confirm trend on 1h or 4h.
6. Example Trade Setup
ParameterLevelNotesEntry (Aggressive)$0.43–$0.44Support zone, look for bullish signalsEntry (Conservative)> $0.48Breakout confirmationTP1$0.50–$0.52First resistance zoneTP2$0.55–$0.58Secondary resistanceStop Loss<$0.41Below recent support
7. Final Thoughts
Swing trading WCT tomorrow means balancing patience and readiness. Watch for a reversal candle near support or a clean breakout above resistance with good volume. Manage risk tightly with stops and don’t chase price spikes.
