MuhibKhan55
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Bullish
📉 WCT Coin Technical Analysis Update 📈
Hey everyone, here’s a quick technical update on WCT coin based on the latest chart:
🔹 Downtrend Break: The price has broken a major descending trendline, which is an early indication of a potential bullish reversal.
🔹 Bullish Flag Pattern: After the breakout, the price formed a descending channel (bullish flag), which typically signals a continuation to the upside once it breaks out.
🔹 Support Zones: There are two key demand/support zones below, where price has previously shown strong bullish reactions. These areas could serve as launch points for the next upward move.
🔹 Resistance Zone: A strong resistance zone lies above where price faced rejection earlier. A clear breakout above this zone could confirm a new bullish leg.
📌 Key Levels to Watch:
Support Zones
Resistance Zone
Retest Zone: Price may retest the broken trendline before making its next move.
🔔 Conclusion: If the price reacts strongly from the support zone and breaks out of the bullish flag pattern, it may offer a good buying opportunity. Wait for confirmation with a strong bullish candle and set stop-loss just below the support zone.
$WCT
Hey everyone, here’s a quick technical update on WCT coin based on the latest chart:
🔹 Downtrend Break: The price has broken a major descending trendline, which is an early indication of a potential bullish reversal.
🔹 Bullish Flag Pattern: After the breakout, the price formed a descending channel (bullish flag), which typically signals a continuation to the upside once it breaks out.
🔹 Support Zones: There are two key demand/support zones below, where price has previously shown strong bullish reactions. These areas could serve as launch points for the next upward move.
🔹 Resistance Zone: A strong resistance zone lies above where price faced rejection earlier. A clear breakout above this zone could confirm a new bullish leg.
📌 Key Levels to Watch:
Support Zones
Resistance Zone
Retest Zone: Price may retest the broken trendline before making its next move.
🔔 Conclusion: If the price reacts strongly from the support zone and breaks out of the bullish flag pattern, it may offer a good buying opportunity. Wait for confirmation with a strong bullish candle and set stop-loss just below the support zone.
$WCT
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