$WCT /USDT BEARISH MOVE BREWING – SHORT SETUP LOADING FROM THE SUPPLY ZONE!
$WCT has shown multiple rejections at the highlighted resistance block, forming lower highs and consistently testing the demand zone. The price is currently at $0.4810, hovering just below the major short trigger zone, indicating seller dominance. The repeated tap into support suggests potential breakdown risk with momentum favoring bears.
TRADE SETUP (SHORT):
• Entry Zone: $0.4810 - $0.4830
• Take Profit Targets:
• TP1: $0.4700
• TP2: $0.4600
• TP3: $0.4530
• Stop Loss: $0.4895 (Above supply rejection)
KEY LEVELS:
• Resistance: $0.4895
• Support: $0.4748 → if broken, expect a slide towards $0.4530
• Current Price: $0.4810
MARKET OUTLOOK:
WCT is struggling to maintain bullish structure. The failure to break above $0.4895 and formation of bearish wicks at supply show weakness. If $0.4748 gives out, we could see a strong bearish continuation toward deeper support levels.
RISK MANAGEMENT:
Use proper position sizing, risk only 1-2% of your capital. Always honor your SL and trail profits as TP1 is hit.
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