#๏ธโฃ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ โ $๐๐๐ ๐๐ญ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐๐ฎ๐ง๐๐ญ๐ฎ๐ซ๐ ๐
โ๏ธ Mixed momentum on the surface โ short-term bulls trying to break out, but long-term bears still control the field. Letโs break it down ๐
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๐ธ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ:
๐ต Buy Bias Overall (6 Sell / 10 Neutral / 10 Buy)
๐งญ Oscillators: Mostly neutral but slightly bullish (RSI 53.3, MACD + momentum green โ )
๐ฉ Short-Term MAs (10-30): All flashing Buy ๐
๐ป Long-Term MAs (50-200): All saying Sell ๐งจ
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๐บ๏ธ ๐๐ก๐๐ซ๐ญ ๐๐ง๐๐ฉ๐ฌ๐ก๐จ๐ญ:
Price bouncing from support near $0.3100, now hovering at $0.3238
Major resistances at $0.3319 โ $0.3550 โ $0.3800
Trend since July 28 = Down ๐, but short-term bounce visible
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๐ฏ ๐๐ซ๐๐๐ข๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ:
๐ Scenario 1 โ Long (Bounce Play)
Entry Zone: $0.3200โ$0.3230 (if support holds)
Targets: $0.3319 โ $0.3550 โ $0.3800
SL: Below $0.3180
๐ Scenario 2 โ Short (Bearish Continuation)
Short Entry 1: Breakdown below $0.3180
Short Entry 2: Rejection at $0.3319 or $0.3550
Targets: $0.3126 โ $0.2779 โ $0.1872
SL: Above $0.3250 or resistance level
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๐ง ๐ ๐ข๐ง๐๐ฅ ๐๐๐ค๐: Short-term bulls may win the bounce โ but longer-term trend is still bearish. Watch how $WCT behaves near $0.3200 and $0.3319 before making your move.
๐ Trend = โ ๏ธ Bearish Bias
๐ Momentum = ๐ Mixed
๐ฎ Setup = Bounce Traders vs Swing Shorts
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๐บ Disclaimer: This is not financial advice. Always do your own research.