📉 WCT/USDT continues to trade below EMA99 ($0.3349), indicating that the downtrend remains dominant. After being strongly rejected at the $0.3246 level, the price has turned down and is currently below both EMA7 ($0.3125) and EMA25 ($0.3139). The MACD has turned negative again, and the histogram is consistently decreasing – confirming that selling pressure is increasing again after a technical bounce.
🧭 Trade Setup:
🎯 Entry Zone (SELL): $0.3090 – $0.3130
🎯 Take Profit 1: $0.3030
🎯 Take Profit 2: $0.2965
🎯 Take Profit 3: $0.2880
🛡️ Stop Loss: $0.3248
📊 Market Trend:
If the price breaks below $0.3039 (24h low) and closes a candle below this level on the 4H timeframe, a new downtrend may form, opening the possibility of returning to the old support area at $0.2869. The EMA is still sloping down, and the MACD shows no signs of reversal.
💬 Quick Suggestion:
📌 Prioritize SELL when a red H4 candle breaks $0.3030 accompanied by increased volume. After reaching TP1, it is advisable to move the SL to entry to optimize profits and minimize risks.
