🚀 $WCT/USDT Technical Analysis – Bullish Reversal in Progress 🔍
Current Price: $0.3043
Timeframes: 1H & 4H
Status: Short-Term Bullish Reversal Attempt
📈 1H Chart Highlights:
Price pushing above the 20EMA (green) and testing the 50EMA (orange) zone
Strong bullish candle formed above the key $0.3000 psychological level
MACD histogram expanding with a bullish crossover ✅
RSI at 61 – solid upward momentum, still not overbought
📊 4H Chart Overview:
Breakout from a multi-candle downtrend with a decisive green candle
MACD shifting bullish; red bars fading
RSI recovering from oversold (45.79) – early signs of trend reversal
📌 Key Levels:
Resistance: $0.3185 (4H EMA50)
Support: $0.2979 (recent 1H structure)
Breakout Zone: Close above $0.3054 (EMA20–50 crossover) may confirm trend reversal
💡 Trade Setup (Bullish Bias):
Entry Range: $0.3010–$0.3040 (ideal on minor pullback)
Targets: $0.3120 / $0.3180
Stop-Loss: Below $0.2950
Holding Time: 1–2 days (short swing setup)
⚠️ Watch for:
Potential rejection at EMA resistance zones
False breakouts above $0.3050
> "Reversals begin in silence and break out with conviction. Don’t trade hopes—trade confirmations."
📉 Not financial advice. Do your own research (DYOR).
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