Neutral to Slightly Bullish $WCT is trading around $0.328–$0.331, with recent price consolidation suggesting a potential base forming. Key short-term support lies near $0.3244–$0.3260, while resistance is seen in the $0.327–$0.328 range (based on Fibonacci pivot points) .
Fibonacci Levels:
Retracement status: Price is hovering around the pivot levels, suggesting a mid-range consolidation without a clear Fibonacci retracement alignment, but near key pivot support/resistance zones .
Price zones:
Support zone: $0.3244–0.3260 (Fibonacci pivot and S-zones)
Resistance zone: $0.3270–0.3280 (Fibonacci R-levels)
RSI:
Value: Around 49–57, indicating a neutral momentum zone.
Interpretation: The RSI being mid-range suggests neither overbought nor oversold conditions—monitor for divergence or a move above 70 or below 30 to signal momentum shifts.
Entry Zones:
Safer: Around $0.3245–$0.3260, providing a buffer near pivot support and lower Fibonacci levels.
Aggressive: Around $0.3235–$0.3240, flirting below pivots for a potential breakout setup.
Take-Profit Zones:
TP1: $0.3275–$0.3280 — immediate resistance zone aligned with recent pivot highs.
TP2: If a breakout occurs with volume, consider targeting $0.3350 (near the 50-day moving average resistance noted as overhead) .
Stop-Loss Ideas:
Conservative SL: Below $0.3235, undercutting pivot support to avoid downside traps.
Tight SL: Slightly below $0.3244, protecting profit while respecting structural support.
