#WCT

#IfYouAreNewToBinance #swingtrading

How to trade WalletConnect Token (WCT) effectively on Binance based on recent data and technical setup:

📈 Overview & Key Stats

Current price: ~$0.37 (up ~8–9% in the last 24 h, and ~10% this week)

24h volume: ~$49–60M – strong liquidity CoinGeckoBinance

Market cap: ~$69M with 186M circulating supply


🔍 Technical & Trend Analysis

Downtrend breakout: WCT just broke out from a multi-day downtrend (6‑hour chart), reclaiming support around ~$0.31 — a bullish signal

TradingView sentiment: Technicals show “Strong Buy” on multiple timeframes (5h, daily, weekly)

Binance daily view: 1‑day chart shows a “Buy” signal (12 indicators positive, 5 negative, 8 neutral)

💹 Potential Trading Strategy
1. Setup & Entry

Re-accumulation zone: $0.345–$0.360 appears to be the new support after breakout.

Ideal entry: Around current levels (~$0.37) or on a pullback to ~$0.355 with confirmation (bullish candle/volume).

2. Take-Profit Targets

TP1: +15–20% → ~$0.43–$0.45

TP2: +35–45% → ~$0.50–$0.5

TP3 (Aggressive): +75–100% → ~$0.65–$0.75

These align with prior resistance zones and upside projections like ~$0.6165 .

3. Stop-Loss Management

Initial SL around 4–5% below entry, e.g., just under $0.345.

Alternatively, use a trendline stop below recent consolidation zone.

4. Risk Management

Risk only 1–2% of your capital per trade.

Scale out partial profits at each TP point.

Trail SL upward to lock in gains as price rises.



🔁 Summary Snapshot
Element Details

Entry$ 0.37 or on pullback to $0.355

SL Below ~$0.345

TP1 ~$0.43–$0.45 (+15–20%)

TP2 ~$0.50–$0.55 (+35–45%)

TP3 ~$0.65–$0.75 (+75–100%)

Considerations High volume and bullish technical setup, align macro sentiment

🔎 What to Watch

Volume after breakout – sustained buying strengthens trend.

Major support levels – if broken, signals momentum los

Macro market trends – altcoins often ride broader sentiment

✅ TL;DR

WCT has bullish signals: breakout from downtrend, strong tech sentiment, and solid liquidity. A trade from $0.37 with a disciplined SL ($0.345) and TP targets around $0.45, $0.55, and $0.75 could be a strong short-to-mid-term strateg