🚨 Potential Trading Setup Alert for WCT Coin Within One Day
📉⚠️🔥📊
📌 Comment: WCT Coin experienced sharp fluctuations after its listing on Binance on April 15, rising to $0.6314 and then falling by more than 38% to about $0.3875. This decline is attributed to profit-taking after the momentum from the listing.
📊 Trading Setup:
🎯 Entry Price: $0.3875
🎯 Price Targets:
🟠 $0.45
🔴 $0.50
💀 $0.63
🚫 Stop Loss: $0.36
📈 Risk-to-Reward Ratio: High | Reward = Potential
📉 Technical Indicators:
• RSI: Approximately 65 - indicates nearing the overbought territory, which may suggest a potential price correction soon.
• MACD: Bullish crossover, indicating positive momentum in the short term.
• Bollinger Bands: Price is close to the upper band, which may indicate upcoming volatility.
• Support and Resistance Levels:
-- Support: $0.36 (38.2% Fibonacci retracement level).
-- Resistance: $0.45 - if breached, the price may head towards $0.50 or even $0.63.
📌 Notes:
• A 1265% increase in trading volume within 24 hours indicates significant interest from investors.
• The listing of WCT in Binance Earn products enhances its appeal to investors.
• Technical analysis suggests the potential for the bullish trend to continue if current support levels are maintained.
