Technical Analysis on $WCT

1. Price Action:

Current Price: $0.7427

24h High: $0.7650

24h Low: $0.6372

Price has broken above the Bollinger Band middle (0.6628) and is pushing the upper band (0.7237), suggesting momentum.

2. Indicators:

Bollinger Bands: Expansion is occurring, indicating volatility and potential breakout.

MACD: Bullish crossover (DIF > DEA), suggesting upward momentum.

RSI(6): 87.01 — This is in the overbought zone, indicating strong bullish momentum but also potential for short-term pullback or consolidation.

Volume: Increasing volume with green candles supports the bullish move.

OBV: Rising slightly, backing up the bullish pressure.

Trade Signal Setup (Bullish):

Trade Type: Spot/Swing Trade

Entry Zone: $0.7300 – $0.7450 (buy on minor dips or breakout confirmation)

Stop Loss: Below Bollinger midline at $0.6600

Risk-Reward Ratio: ~1:2+

Targets (Resistance Levels):

1. Target 1: $0.7900 – Near recent resistance zone.

2. Target 2: $0.8450 – Previous structural high (check daily for confirmation).

3. Target 3: $0.9000 – Psychological and round-number resistance.

Conclusion: Bullish or Bearish?

Current Trend: Bullish (short-term)

Confirmation: Volume spike, bullish MACD, breakout from consolidation, and price trading above key moving averages.

Caution: RSI is overbought – watch for rejection near resistance or possible short retrace before continuation.

Buy And Trade Here $WCT