At its ATH, WCT reached $1.3941, attracting tons of FOMO buyers… but what followed was brutal! A sharp dump, then a long bearish tunnel all the way down to $0.2817, before a small recovery.
Today, the price is consolidating around $0.2936, with RSI(6) close to 32, signaling oversold conditions. The moving averages are flattening out, suggesting a potential short-term technical bounce
🎯 Short-term scenario (potential rebound):
TP1: $0.338 (MA25)
TP2: $0.425 (MA99)
TP3: $0.470 (previous support turned resistance)
🛑 Suggested SL: $0.280 (below the recent low)
⚠️ Don’t get tricked by the previous highs! The market structure has changed. This setup is for a technical bounce, not a full return to $1.39 (at least not yet 😅).
Do you think WCT still has potential, or was it just another pump & dump? Let me know in the comments ⬇️
