$WCT

Short-Term Strategy

1. Trend Direction:

Currently bearish, as:

Price is below both MA(7) and MA(25)

MA(7) is below MA(25), confirming a short-term downtrend

2. Entry Point (Buy):

Look for a support confirmation at or near $0.3467.

Watch for bullish reversal candles (e.g., hammer, engulfing) on the 1h or 4h chart.

Confirmation can be aided by RSI/MACD crossover or bullish divergence.

3. Exit Point (Sell/TP):

Initial resistance zone: ~$0.3650–0.3700

Stronger resistance at MA(25): ~$0.3819

Consider trailing stop-loss if price gains momentum.

4. Stop-Loss:

Place a stop-loss just below recent low: ~$0.3440 or slightly under.

5. Volume Confirmation:

Ensure that any bounce from support is accompanied by increasing buy volume.

Alternative (Scalp/Day Trade):

If market stays weak:

Short near MA(7) or MA(25) resistance zones

Tight stop-loss just above resistance

Target the $0.3467 zone again

Would you like me to analyze this using a longer time frame (like daily) or with different indicators (like RSI, MACD, or Bollinger Bands)?