$WCT $WCT on the 4-hour timeframe is showing a sharp correction after experiencing a very strong and significant uptrend. Currently, the short-term momentum has shifted to bearish, indicated by the Moving Averages (MA) 5 and 10 having crossed below the MA20. The price is currently testing crucial support at the MA20 (around 1.0 USD5

). The previous peak (1.3 - 1.4 USDT) acts as strong resistance, with nearest resistance around 1.1 - 1.2 USDT and the MA5/10 area. A parabolic rise followed by a sharp correction is the most evident pattern, and the RSI has cooled down from overbought conditions, confirming selling pressure.

The primary recommendation leans towards SHORT positions due to the strong bearish momentum. A potential SHORT entry is suggested around 0.98 - 1.02 USDT, either after confirmation of a breakdown below MA20 or if a rejection occurs after a weak retest to the MA20/MA10 area. Take profit targets for SHORT positions are around 0.9 USDT (TP1) and 0.75 - 0.8 USDT (TP2), with an estimated stop loss around 1.05 USDT, offering a risk-reward ratio of approximately 1:5 for such a scenario. Strict risk management, including the use of stop losses and volume observation, is strongly emphasized. Failure of the MA20 to hold the price would strengthen the SHORT outlook.

#CEXvsDEX101 #wct

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