i took short position at 0.88
what should i do hold or close?
Crypto Master 786
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Bearish
$WCT /USDT โ Exhaustion at the Top? Short Setup Building Up โ ๏ธ๐
Current Price: $0.8844 (+20.33%)
After a massive rally to $0.97, $WCT is now showing signs of strong selling pressure with a sharp rejection and heavy red candle closing below the $0.90 level.
Short Trade Setup:
Entry Zone: $0.88 โ $0.90
TP1: $0.845
TP2: $0.800
TP3: $0.750
Stop Loss: $0.945
Key Levels:
Resistance: $0.95โ$0.978 (24H High)
Support: $0.733 (24H Low)
Market Insight:
Parabolic rise followed by rejection wicks and bearish engulfing on 1H โ classic signs of a reversal or at least a solid correction phase. Volume is starting to drop too.
Pro Tip:
If the next candle confirms below $0.88 with increasing volume, it could accelerate the drop. Consider tighter risk if shorting late.
Momentum is cooling โ time to flip bearish and catch the pullback! ๐จ๐ฅ
$WCT
#BinanceHODLerSOPH #Bitcoin2025 #TrumpMediaBitcoinTreasury #BinanceAlphaAlert #WhaleJamesWynnWatch
Current Price: $0.8844 (+20.33%)
After a massive rally to $0.97, $WCT is now showing signs of strong selling pressure with a sharp rejection and heavy red candle closing below the $0.90 level.
Short Trade Setup:
Entry Zone: $0.88 โ $0.90
TP1: $0.845
TP2: $0.800
TP3: $0.750
Stop Loss: $0.945
Key Levels:
Resistance: $0.95โ$0.978 (24H High)
Support: $0.733 (24H Low)
Market Insight:
Parabolic rise followed by rejection wicks and bearish engulfing on 1H โ classic signs of a reversal or at least a solid correction phase. Volume is starting to drop too.
Pro Tip:
If the next candle confirms below $0.88 with increasing volume, it could accelerate the drop. Consider tighter risk if shorting late.
Momentum is cooling โ time to flip bearish and catch the pullback! ๐จ๐ฅ
$WCT
#BinanceHODLerSOPH #Bitcoin2025 #TrumpMediaBitcoinTreasury #BinanceAlphaAlert #WhaleJamesWynnWatch
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