$WCT
🚨 quick analysis of $WCT USDT futures 🚨 30-minute timeframe chart
📈 Direction: Likely Uptrend 🚀
➡️ Moving Averages (MA): MA(7) is above MA(99) and MA(200), indicating bullish momentum.
💰 Entry Price: Around 0.3904 (current price).
🎯 Target 1: Approximately 0.4114.
🎯 Target 2: Approximately 0.4414.
🎯 Target 3: Approximately 0.4891.
🛑 Stop Loss: Around 0.3596 (below recent low and MA(200)).
📊 RSI (6): At 47.43, suggesting neutral to slightly bullish momentum.
💪 Volume: Showing decent buying volume recently.
🔍 Fibonacci Retracement:
1️⃣ Level 1: Could be near the entry point.
2️⃣ Level 2: Might align with Target 1.
3️⃣ Level 3: Could be close to Target 2.
4️⃣ Level 4: Potentially near Target 3.
💧 Liquidity & News: Observing increasing liquidity. No specific positive/negative news mentioned in the image.
📝NOTE:
The price has broken above the MA(7), MA(99), and MA(200) on the 30-minute chart, which is a bullish signal. The RSI is not yet overbought, leaving room for further upward movement. Monitor volume for confirmation of the uptrend. Place stop loss below key support levels for risk management.
Disclaimer: This is a brief analysis and not financial advice. Conduct thorough research before making any trading decisions.
