🚀 WCT Trading Outlook: Levels in Focus
WalletConnect Token (WCT) is consolidating in the $0.32–0.34 range, with a tightening triangle pattern forming on Binance. Price action shows bulls and bears battling for control.
📊 Key Levels
• Support: $0.30 – $0.31 (accumulation area)
• Major Support: $0.28 (break here risks deeper downside)
• Resistance: $0.35 – $0.38 (breakout trigger)
• Target Zone: $0.38 – $0.42 if breakout confirms
🛠 Trading Approach
• Bullish Bias: Go long on breakout above $0.35 with strong volume, aiming for $0.38–0.42.
• Accumulation Play: Build positions around $0.30–0.31, with stops below $0.28 for optimal risk/reward.
• Bearish Case: A drop under $0.28 could extend toward $0.25–0.20.
⚡ Risk Rules
• Limit exposure to 1–2% of account per trade.
• Trail stops once initial targets are achieved.
• Always check overall crypto market conditions before entering.
📌 Summary: WCT sits at a pivotal point. A strong move above $0.35 could ignite bullish continuation, while losing $0.28 warrants caution. Patience and confirmation are key before committing larger capital.
DYOR | Not financial advice
