#WalletConnectwct

7.1 Market Overview: WCT Descending Triangle

$WCT After yesterday's spike to lure buyers, it started to drop rapidly. Now it is forming a descending triangle around 0.3065, which has strong support and should hold. If it fails to hold, the next supports are 0.2948 and 0.2890.

On the right side, if it retraces to 0.3065 and breaks below, it may be a good entry point for long positions, targeting 0.3155 and 0.3294, with a stop loss at 0.3021; alternatively, if a large bearish candle breaks below the 0.3065 support without rebounding, it may be a good entry point for short positions, targeting 0.2948 and 0.2890, with a stop loss at 0.3155; @WalletConnect

The market is in a volatile downtrend, and altcoins are also declining, but the corrections are slow and painful, making trading difficult. The price keeps testing and hitting stops, so choosing to open positions on the right side is safer and more stable.

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