$WCT
WCT/USDT Pullback Soon Trade Plan!
Current Price: $0.4204
WCT is currently trading within a bearish market structure, printing consistent lower highs and lower lows. Price recently faced rejection from the $0.4300 resistance level, reinforcing downward momentum.
The coin is hovering above the critical support zone at $0.4150. A breakdown below this could open the path toward the next support levels at $0.4020 and $0.3950.
๐ Pullback Entry Idea:
If price retraces to the $0.4260โ$0.4290 zone (previous support turned resistance), this area could act as a low-risk pullback entry for short positions, provided bearish confirmation is seen (e.g., wick rejections or bearish candles).
๐ Bearish Bias Continues Until: A strong breakout and hold above $0.4300 invalidates the current bearish setup.
Key Levels:
Resistance: $0.4260โ$0.4300
Pullback Entry Zone: $0.4260โ$0.4290
Support: $0.4150 โ $0.4020 โ $0.3950
Outlook:
โ ๏ธ Bearish market structure intact
๐ Pullback entry near $0.4260 could offer favorable risk/reward
๐ Trend remains under seller control
