$WCT Is a Trend Reversal Brewing? 🔍
Price: $0.4278 | Timeframe: Daily
WCT just bounced off its ascending trend line with a strong bullish engulfing signal after a sharp correction.
📊 Chart Structure:
• Holding at key support after a sharp decline
• At the lower Bollinger band – potential return to the mean
📈 Resistance Levels:
• First target: $0.63 (Bollinger mean)⏰
• Next zone: $1.05 (upper boundary)
🧠 Market Information:
Structure + strength of the candle = setup for a reversal in motion. As long as the trend line support holds, continued growth is likely. Watch the $0.63 zone for confirmation.