Attention, traders! 🚨 We are going to analyze $WCT /USDT, which is giving us a lesson in volatility. 📉
After an impressive rally up to $1.37, WCT has had a brutal correction, falling 43.91% from its high! Right now we see it hovering around $0.6162.
Watch out for this level: the price is right between the MA(7) at $0.6314 and the MA(25) at $0.6020. This indicates that the market is at a point of indecision. Manipulation is the order of the day, so be careful of bullish or bearish traps trying to break these supports or resistances to deceive traders.
If it manages to consolidate and break the MA(7) with volume, we could see an attempt at recovery. But if it loses the MA(25) and, above all, the psychological support of $0.5083 (its low in 24h), the decline could continue. HODL with your head and don't let yourself be carried away by FOMO or FUD!
Patience will be key here. It is a time to observe and wait for a clear confirmation of the direction before making decisions. Don't let yourself be manipulated!
