Many people ask me $WCT
Is there still hope in the short term? I think it's difficult to see any improvement in the short term. This dramatic plunge has completely shattered the trend, and it’s likely that the major players are offloading. It's hard to see any recovery in the near future. Look at the previously crashed $ACT
$LAYER , the trends are the same, and they basically follow the market, but they're even weaker than the market.
The outlook doesn’t seem too good. The previous drop was too severe; the trend is broken, and the major players are obviously offloading, making it hard to recover in the short term. There are currently no reversal signals, and the moving averages are in a bearish arrangement, creating significant pressure. Market confidence is damaged, and sentiment will take time to repair. Going forward, they will likely still follow the market but will be weaker than the market. If the market rebounds, they may follow with slight increases, but there aren’t many highlights; if the market adjusts, they are likely to lead the decline again.
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