$WCT

$Based on the TradingView chart you shared for WCT/USDT (1D timeframe), here’s a detailed analysis with suggested entry and exit points:

Technical Analysis Summary

Current Price: 0.9133 USDT

Trend: Strong bullish momentum (parabolic move)

Volume: Increasing volume on green candles – confirms buying interest.

RSI (14): 75.88 – This is in the overbought zone, which suggests caution but also reflects strong momentum.

Trade Plan: Swing Trade (Short-Term)

Entry Point:

Pullback Entry: Wait for a small pullback to the support level around 0.78 – 0.82 USDT (previous resistance now turned support).

Why: Entering now at the peak increases the risk of buying the top. Waiting for a slight retracement gives a safer entry with a better risk-reward ratio.

Alternative entry for aggressive traders: If the price breaks and closes above 0.95 USDT with strong volume, it would signal a continuation breakout – that can also be an entry.

Stop Loss:

Place your stop-loss at 0.69 USDT, which is slightly below the last consolidation level and strong support.

This limits downside risk in case of a fake breakout or trend reversal.

Exit Points:

Take Profit (TP) 1 – Conservative Target:

1.10 USDT – previous wick high and psychological resistance.

Take Profit (TP) 2 – Extended Target:

1.25 USDT – If the momentum continues and breaks the 1.10 resistance, this becomes the next likely target based on Fibonacci extension and round number psychology.

Risk-Reward Setup (Approx.):

Entry: 0.82 USDT

Stop-loss: 0.69 USDT

Target 1: 1.10 USDT

Risk: 0.13

Reward: 0.28

Risk-Reward Ratio: ~1:2.15 – favorable

Final Notes:

The RSI being over 75 suggests the asset is overbought. It doesn't necessarily mean a reversal is coming, but it usually precedes a minor correction or sideways consolidation, which is ideal for pullback entries.

Use volume confirmation on breakout candles for more confidence.

If price closes below 0.69 with strong volume, exit the trade – trend may be reversing.