$WCT Massive Short Covering Occurs - Is a Breakthrough Brewing?

Boom! $1.0912 Million in Short Positions Closed at $0.6838 - This is not just noise, but a signal. Savvy investors have just been hit, and the bulls are charging hard. Are you ready to ride the next wave?

The chart shows strong momentum. Here’s the complete breakdown:

Buy Zone:

$0.6600 - $0.6850

(Accumulation zone. Suitable for re-entering or establishing new long positions. Watch for strong support around $0.6720.)

Targets:

Target 1: $0.7420

Target 2: $0.7935

Target 3: $0.8650

“Moon” Target: Above $0.9200

Each target aligns with previous resistance level reversals and Fibonacci extension lines.

Stop Loss:

$0.6420

(Maintain strict risk management - a drop below this level could indicate a bull trap.)

Analysis Summary:

The closure of over $1 million in short positions is not a coincidence - it’s a shift in market structure. Volume is rising, short positions are being crushed, and price action is brewing for a breakout. If the bulls hold the $0.67 region, we could see a parabolic rise.

Remember: Don’t chase the parabolic rise. Be strategic. Set your range. Protect your capital. Win the big prize.

#wct #BinanceAlphaAlert

WCTUSDT

Perpetual

$0.693

+3.8%