Full Analysis for $WCT
Massive Long Liquidation Alert
$2.74K worth of long positions just got wiped out at $0.3813 — this signals a key liquidity event! The bulls are under pressure, and this could set the stage for a major move. Let's break it down:
Technical Analysis for $WCT
Current Price Zone (Support Area):
Around $0.375 – $0.385
This area aligns with previous demand zones and the latest liquidation wick. Ideal for potential accumulation.
Buy Zone
$0.366 – $0.378
(This is the smart accumulation zone where stop-loss hunts may occur before price reversal)
Targets
1. Target 1: $0.405 (Near-term resistance and local high)
2. Target 2: $0.432 (Key horizontal resistance zone)
3. Target 3: $0.468 (If bullish momentum sustains)
Stop-Loss
$0.359 (Just below the recent liquidation and wick zone — if broken, trend may continue downward)
Conclusion
Long liquidations at $0.3813 suggest a bull trap or liquidity grab has taken place. If support holds above $0.366, a bounce toward $0.405 and beyond is likely. Watch for volume confirmation and market structure shift.