$WCT Personal Opinion: Short-term bullish, but don't chase highs
Simply put:
WCT current price 0.1291 USDT, up 18.01% in 15 minutes, the trend is quite strong. The price broke through the upper Bollinger Band at 0.1314 and has stabilized above all key moving averages (EMA7:0.1293, EMA25:0.1278), with a clear bullish arrangement. However, the hidden danger is the OBV fund indicator -5.67 million (negative and below the moving average), indicating that large funds are observing. The trading volume of 76.48 million WCT corresponds to a trading amount of 9.51 million USDT, which calculates to a relatively low average price—belonging to "low-level volume increase", insufficient high-level following funds.
Key positions to watch:
- Resistance levels: 0.1314 (upper Bollinger Band), 0.1324 (previous high)
- Support levels: 0.1293 (EMA7), 0.1278 (EMA25)
Operational advice:
If you want to get in, wait for a pullback to 0.1293 and don't break it, then try a small position for long, targeting around 0.1314; if it violently breaks through 0.1324 previous high, you can chase a bit but don’t go heavy on the position. At the current price, don’t be reckless, as such a rapid increase in coins can easily lead to a drop; if it falls below 0.1278, you must cut losses.
(Note: The news "Binance Wealth Management High Yield Activity" may attract following orders, but be cautious of profit-taking.)
