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LearnToEarn
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$WCT Short Trade Signal – Bearish Structure Holds Below Key EMAs 📉 Momentum Description: WCT is trading at $0.3022, down 3.39%, holding just above its 24h low of $0.3019. The price remains below all major EMAs, confirming a strong bearish bias with no immediate reversal signs. 📊 Key EMAs: EMA(7): $0.3052 EMA(25): $0.3086 EMA(99): $0.3171 📍Bearish Indicators: Price is below EMA(7), EMA(25), and EMA(99), forming a clear descending structure. The near-touch of the 24h low signals weak support and vulnerability to further downside. EMA(25) acts as a mid-term resistance, capping bounce attempts. 📍Support Levels: $0.2950 – psychological round level $0.2850 – potential deeper dip target 📍Resistance Levels: $0.3052 – EMA(7), short-term barrier $0.3086 – EMA(25), key turning point $0.3171 – EMA(99) & long-term trendline $0.3157 – 24h high 🎯 Trade Setup: Entry: $0.3015 – $0.3035 (current zone or small bounce) Stop Loss: Above $0.3086 Take Profit: TP1: $0.2950 TP2: $0.2850 📉 Invalidation: A break and hold above EMA(25) ($0.3086) weakens this bearish setup. Look for a bullish close with volume above that level before flipping bias. 📈 Alternative Reversal Setup: If WCT breaks above $0.3086 with volume, a short-term long trade may be considered. Target would shift to $0.3170+ with SL below $0.3050. ⚠ Risk Note: Watch for oversold RSI or unexpected volume spikes for bounce/reversal clues. Stick to tight position sizing (1-2% per trade) in choppy or low-confidence zones. $WCT
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