#WCT

According to my own analysis and observations:

Based on the chart and indicators, I believe there’s a possibility of a short-term upward correction:

*1. MACD:*

As seen in the blue-circled area, the MACD histogram bars are shrinking, which suggests that the downward momentum is losing strength. A bullish crossover might be on the way.

*2. RSI:*

The RSI(6) is at 89.22 — an extremely high level. While this generally signals overbought conditions, it also shows strong buying momentum. RSI(12) and RSI(24) are also high, which means that even in the case of a short correction, buying pressure could remain intact.

*3. Bollinger Bands:*

The price recently bounced from the lower band and is moving toward the middle band. If the volume supports it, I expect the price to approach the upper band — around *0.79–0.80*.

*4. Trendline:*

There’s a potential pullback move forming toward the descending trendline, which matches the behavior I anticipated (indicated by the curved green arrow).

*Summary:*

In my opinion, a rise toward the 0.79–0.80 range looks likely in the next short-term window — not as a trend reversal but rather a corrective bounce.

If I were trading this move, I’d place a stop-loss slightly below the 0.50 level.