* WCT/USDT 1h frame
- TECHNICAL ANALYSIS
1. Trend overview
Short-term trend: Strong increase (Bullish)
Current price: 1.0400 (+12.92%)
Just surpassed the previous short-term peak of 1.0452, price is breaking out with increasing volume.
2. Technical indicators
-MA (Moving Averages)
MA(7): 0.9617 (acting as near support)
MA(25): 0.9367
MA(99): 0.7741 Price is above all MA lines, confirming a strong uptrend.
- RSI(6): 83.67
RSI is in extreme overbought territory
If RSI > 80 but price remains above MA7 → may continue to rise, but the risk of FOMO is very high.
- MACD
MACD is expanding positively (MACD > 0)
Signal to rise again after a sideways period
- Volume
Volume spikes in the direction of breakout
Short liquidation may be happening → signal for a price squeeze (short squeeze)
- Trading
1. Long (Futures contract)
Enter when:
Price retouches the breakout zone or holds above 1.020
Entry: 1.020 – 1.040
TP1: 1.120 (potential short resistance zone)
TP2: 1.185 – 1.200 (extended Fibonacci zone)
SL: 0.965 (below MA7)
Recommended leverage: 5x–10x, manage risks carefully due to high RSI
2. Short
Do not short right now because:
Price just broke out + high volume + RSI is high but no bearish divergence yet.
If you want to short, must wait for bearish engulfing or failure to hold above 1.04.
3. Spot
Enter with a small proportion, divide capital cautiously:
Entry: 1.020 – 1.040
TP1: 1.100
TP2: 1.180
SL: 0.965
> If you hold long-term, you can trail stop to maximize profits while the trend is still strong.
- IMPORTANT NOTE
High RSI may cause unexpected corrections → do not enter full order immediately, wait for a test of MA7.
If BTC dumps or the market has bad news, the target is easily broken.
Prioritize momentum trading, set mandatory SL, do not FOMO when the candle is hitting the peak