$WCT /USDT Breakout & Rejection Strategy Overview
1. Rejection Strategy 🔻
Scenario: Price tests resistance but fails to break through (fakeout).
Entry: Go short on a clear rejection candle (e.g., long upper wick, bearish close).
Stop Loss: Slightly above resistance (e.g., $0.3720).
Take Profit: Target next support or Fibonacci levels (e.g., $0.34–$0.33).
Key Rejection Signals:
Long upper wicks
Weak volume or bearish divergence
Bearish engulfing candle near resistance
2. Breakout Strategy 🚀
Scenario: Price breaks and closes above resistance zone.
Entry: Enter long just above the breakout candle (e.g., $0.3720+).
Stop Loss: Just below the resistance area (e.g., $0.3650).
Take Profit: Target recent highs or Fibonacci extensions (e.g., $0.39–$0.41).
Key Breakout Signals:
Higher lows forming
Strong bullish volume
Clean candle close above resistance
Current Price: $0.3439
