【$WCT Market Analysis】
Currently, the WCT daily chart is in an uptrend, and it is now undergoing a pullback from the previous rise. The pullback candlestick has hit the support level and has immediately rebounded strongly, closing with three relatively good bullish candles, temporarily stabilizing above the daily Fibonacci 0.382 level.
On the 4-hour chart, it is in an upward wide channel, currently in the second push, temporarily moving in a range from 0.6156 to 0.6708 with a bullish trend. I will adopt two methods to enter the market: 1. Wait for a breakthrough at the Fibonacci 0.5 level and enter after a pullback, setting a stop-loss below 0.382; 2. Place limit orders to enter partial positions at the Fibonacci 0.382 and 0.236 levels, with a stop-loss around 0.5796.
Take profit will be set at 0.735 for part of the position, and the target price will be set at 0.855 for take profit.
Personal opinion for reference only.