$WCT Do you bleed before the explosion? A price collapse may precede a fire rebound. Here are the opportunities for smart entry or exit.
Technical analysis of currency #WCTUSDT Daily frame
Current price 05326 USDT
Daily change minus 945 percent
Notes from the indicators
Candles experienced a sharp collapse after the price reached the peak of 12941
RSI at 3387 is approaching the oversold zone below 30, indicating a potential near-term rebound
Bollinger indicator: the price broke the lower limit DN at 03081, indicating strong selling pressure
MACD is in a negative state, but there are signs of slowing down in the downward momentum
Expected scenario
The price is in a state of violent correction after a strong pump, so it is unwise to enter now without confirmation
Strong support between 050 and 048
The first resistance at 060
The ideal correction zone between 045 and 050
Suitable trading strategy
Precise entry strategy for professional risk-takers
Entry point: wait for a strong rebound candle above 055 or gradual entry between 051 and 053
First target 060
Second target 070
Stop loss at 0475 with daily candle close
