WCT/USDT 1-Hour Analysis (As of June 4, 2025 - 3:37 PM)
Technical Overview:
Current Price: $0.4898 (-9.93%)
24h High/Low: $0.5449 / $0.4880
Key Moving Averages:
# MA(7): 0.5027 (above current price – bearish)
# MA(25): 0.5223 (downtrend)
# MA(99): 0.5661 (long-term resistance, steep decline)
Volume:
Decent volume on red candles suggests "active selling pressure"
Price Action: Breaking below short-term support (0.4880), consistent lower highs and lower lows forming a clear downtrend.
Trade Setup:
Bias: Bearish
Short-Term Strategy: Wait for a bounce to MA(7) around $0.50–$0.5050 for a short entry.
Risk Level: Tight stop-loss above $0.52 (MA25) to limit upside risk.
Target: $0.45–$0.44 (previous liquidity zone from volume bars)
Alternative: If price consolidates above $0.49–$0.50 with increasing green volume, a reversal scalp may be viable.
Conclusion:
WCT is currently trading at $0.4898, down nearly 10% today. But is this the final flush before a bounce—or are we heading deeper?
Here's what the 1-hour chart is screaming:
Momentum is fading, with MA(7), MA(25), and MA(99) forming a perfect bearish alignment.
Volumes show big sellers dominating the game.
$0.4880 is acting as thin ice—once cracked, we may slide toward $0.45 or lower.
Smart play?
If we see a dead cat bounce to $0.50+, watch it closely for a high-probability short. 🐻
Or, if you believe in the token long-term, this dip might just be your discounted entry.
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