👈Brief Technical Analysis of WCT/USDT on the 15-minute timeframe on Binance:
🔹 Current Price: 0.3214 USDT
🔻 Change Percentage: -1.35%
🔍 Technical Indicators:
Moving Averages:
MA(7) = 0.3212 (the price is close to it)
MA(25) = 0.3202
MA(99) = 0.3256 (currently acting as resistance)
Relative Strength Index RSI(6): 61.99 → indicates moderate bullish momentum, close to the overbought area.
Lowest Price in 24 hours: 0.3163 → represents immediate support.
Highest Price in 24 hours: 0.3440 → represents strong resistance.
🕹️ Quick Technical Analysis:
The price is trying to hold above MA(25) and MA(7), indicating a gradual improvement in momentum.
A breakout above MA(99) at 0.3256 could open the way to target 0.33 then 0.3440.
In case of a drop, the nearest support is 0.3183 then 0.3163.
✅ Instant Recommendation:
For Scalping: Buying can be done with a stop loss below 0.3180 and gradual profit-taking around 0.3250 – 0.33.
In case of weak momentum or breaking below 0.3180: it’s better to wait or cautiously enter a sell position.