$WCT Dead Cat Bounce or Real Reversal❓❓❓
$WCT just bounced sharply from the 0.2869 low, printing back-to-back green candles but the move lacks volume confirmation. The price is still well below the key resistance at 0.3180, and the broader trend remains bearish. This setup favors a short if the current bounce gets rejected.
📉 Short Trade Setup
• Entry Zone: 0.3090 – 0.3120
• TP1: 0.2960
• TP2: 0.2880
• TP3: 0.2800
• Stop Loss: Above 0.3190
Watch closely for a fake breakout above 0.3100 if it fails to hold, downside continuation is likely. Sellers may regain control fast.