$WCT

🔍 WCT/USDT Analysis (1H Chart)

📈 Current Price: 0.9300 USDT

💹 24H Change: +29.44%

📊 24H Range: 0.7115 – 0.9784

📉 Wm %R (14): -57.41 (neutral/slightly bearish)

✅ Bullish Signs:

Uptrend Momentum: Strong bullish run from ~0.6372 to 0.9784, showing a 50%+ price increase.

Price Above All EMAs:

EMA(7): 0.9351

EMA(15): 0.9114

EMA(99): 0.7407

The price is trading above EMA(99), indicating a strong uptrend in the medium term.

Volume Surge: A significant spike in volume shows strong buyer interest, especially during the breakout candle.

Healthy Pullback: After the top at 0.9784, the price is consolidating and respecting the EMA(15) – a bullish sign of strength and potential continuation.

❌ Bearish/Warning Signs:

Short-Term Weakness: Current price is just under EMA(7), indicating some selling pressure.

Wm %R near -60: Signaling short-term cooling off or mild retracement.

Multiple Rejections at 0.97+: Resistance is visible near the recent high of 0.9784.

📌 Key Levels to Watch:

Support:

0.91 (EMA15)

0.88

0.84 (previous breakout zone)

Resistance:

0.95 (EMA7 reclaim level)

0.9784 (local top)

1.00 psychological resistance

📊 Trading Strategy Suggestion:

🔹 If Bullish:

Look for a bounce from 0.91–0.92 and enter long on a candle closing above EMA(7).

Target: 0.97 → 1.00

SL: Below 0.88

🔸 If Bearish:

Watch for failure to reclaim 0.935 or a break below 0.91.

A break below EMA(15) with volume may signal a deeper correction.

Possible short target: 0.87–0.84 zone.

🧠 Summary:

WCT is in a strong uptrend but undergoing a short-term consolidation. The bulls are still in control unless the price breaks below 0.91 with volume. A bounce from current levels could trigger another leg up.