#Liquidity101
WCT traders use a wide range of trading signals and technical indicators to predict price movement. Although not all methods are necessary for accurate predictions of market direction, some key indicators carry more weight. Identifying support and resistance levels for WalletConnect Token provides insight into market supply and demand, helping to determine trend reversals. Additionally, chart patterns are widely used by traders to form trend lines that assist in predicting the next candle movements. Various indicators such as the Relative Strength Index (RSI), moving averages, and MACD can be used to determine long-term trend direction and attempt to predict future price movements.
