$WCT 📉 Indicators and moving averages (MA):
MA(7): 0.3074 (very close to the current price)
MA(25): 0.3123 (immediate resistance)
MA(99): 0.3154 (further resistance)
The price is below all relevant moving averages, confirming a short to medium-term bearish trend.
---
🕯️ Price action:
It has made a recent low at $0.3041, with a small bounce to $0.3075.
A green recovery candle is observed after several consecutive red candles, but without clear strength.
Volume has been decreasing, suggesting that this bounce may be weak.
---
🎯 Next key targets:
🔻 Supports:
1. $0.3040 – Recent low and immediate support.
2. $0.3000 – Psychological level and possible buyer entry.
🔺 Resistances:
1. $0.3123 – MA25 and immediate resistance.
2. $0.3154 – MA99, stronger resistance in the short term.
3. $0.3235 – Recent high (24h).
---
📌 Conclusion and strategy:
The overall trend is bearish.
If it loses the support at $0.3040, it could drop to $0.3000 or even $0.2950.
For a solid recovery, the price must break $0.3123 with increasing volume.
---
✅ Trading ideas (not financial advice):
Short term (scalp): Watch for a break or bounce at $0.3040.
Safe entry (swing): Only if it surpasses $0.3150 with strength.
Suggested stop-loss: Below $0.3030 if you are trading long.