š $WCT /USDT ā POST-RALLY CORRECTION OR ACCUMULATION PHASE?
Following an aggressive rally to a high of $1.3736, $WCT has undergone a sharp correction, now stabilizing around the $0.5587 level. The price retraced over 60% from the top and is currently consolidating just above the recent low of $0.5083.
The short-term EMAs (7, 25, and 99) remain in a downward slope, indicating continued bearish sentiment. However, the current range between $0.50 and $0.56 may serve as an accumulation zone, especially if volume begins to rise and price breaks back above $0.62 resistance.
š Potential Trade Setup
Entry Zone: $0.552 ā $0.565
Take Profit Targets:
ā¢ TP1: $0.588
ā¢ TP2: $0.622
Stop Loss: $0.505
ā Key Note: Monitor closely for volume expansion and bullish crossover of EMAs before committing to long positions. A clear break above $0.631 would signal a shift in momentum.