1. Summary
$WCT trading around $0.3196 after a drop from the peak of $0.3856; short-term bias bearish-to-neutral — potential technical bounce if the support zone of $0.306–$0.308 holds.
• Price: $0.3196. • Key levels: Support $0.306–$0.307, lower structural $0.2907; Resistance $0.327–$0.334, recent high $0.3856.
2. Analysis
Price is below MA25/MA7 trending down, RSI 1H ~22 (oversold) — this often indicates a short bounce but needs volume to trust a continued rise. Previous volume spike indicates liquidity rotation; currently weak volume → easy to see a fake rally. Supporting scenario: hold $0.306–$0.307 → bounce to $0.327–$0.334; break down further → target down to $0.2907.
3. Strategy
Entry:
Scenario A (Pullback long — realistic): buy probe 0.306–0.307 if a 1H wick rejection + bullish engulfing/reversal candle appears; small scale-in.
Scenario B (Breakout long — confirmation): open position when 4H close > 0.334 with increasing 4H volume (confirmation).
Scenario C (Fade / Short): consider shorting if 1H close < 0.306 with momentum => target further down.
Stop-loss:
Long SL = $0.292 (below the zone of 0.2907).
Short SL = $0.334 (above MA25/rejection zone).
Take-profit:
TP1 = $0.327–$0.334 (take partial profit at nearby resistance).
TP2 = $0.360–$0.386 (open target if momentum & volume are strong; if volume is weak, lower TP2 to ~$0.350).
Exit triggers: heavy CEX inflows / big whale transfers, sudden collapse volume when the price recovers, or 4H close tightly below $0.306 → exit quickly. Use limit/probe orders to avoid slippage.
