$WCT Still Trapped in a Downtrend Channel
On the daily chart, $WCT has been moving inside a descending channel for several weeks. After a recent bounce from the lower zone (~$0.28), the price is now testing the mid-range area around $0.32.
As long as the price remains below the upper boundary (~$0.36), the main trend stays bearish. A breakout above this level could signal the start of a stronger recovery.
Swing Trade Plan:
Buy Zone: $0.31 – $0.32 (if support holds)
TP1: $0.34 (partial take profit)
TP2: $0.36 (channel top – key resistance)
TP3: $0.42 (if breakout occurs)
Stop Loss: below $0.30
⚠️ If $0.30 breaks down, we could see new lows toward $0.28 or even $0.26.
