WCT/USDT 1-Hour Analysis (As of June 5, 2025 – 4:55 PM) Technical Overview: Current Price: $0.4493 (↓ -8.27% since yesterday’s post) Yesterday’s Price: $0.4898 24h High / Low: $0.4553 / $0.4426 Key Moving Averages: MA(7): 0.4625 (above current price – short-term resistance) MA(25): 0.4771 (downtrend still active) MA(99): 0.5242 (long-term bear zone) Volume: Slight increase in red candles again—sellers still in control Price Action: Lower highs and lower lows continuing (same bearish pattern) Price dropped below psychological $0.45 level Compared to June 4, 2025: Price fell ~8% lower MA(7) has shifted further down → bearish continuation Volume remains high on sell candles, showing panic or forceful exits $0.4880 support (from yesterday) is now resistance Trade Setup: Bias: Bearish but watchful Short-Term Strategy: If price bounces near $0.4620 (MA7), it may give a shorting chance Stop-loss: Above MA25 at $0.48 Target: $0.44 → $0.42 range Reversal Watch: If volume turns green & price reclaims $0.4620 with strength, small scalp longs possible Conclusion: WCT is sliding deeper—now at $0.4493, a sharp drop from yesterday's $0.4898. Traders are spooked, and the charts show why. 📉 🟣 All moving averages (MA7, 25, 99) are stacked in a bearish pattern 🔻 Price broke below $0.45, a key psychological level 🔴 Selling pressure is still heavy But here’s the twist... Some volume spikes suggest buyers might be sneaking in. Could a bounce be loading? Trade Tip: Watch $0.4620—if WCT touches and fails → short the rejection If bulls reclaim $0.4620 with volume → a quick long scalp is on the table Don’t trade blind—set clear stops and react fast. This is where disciplined traders win. I'm tracking every candle. Drop a 🧠 if you want tomorrow’s update again! Future Prediction: If the current downtrend structure remains, we may see WCT drift toward the $0.42–$0.40 zone in the next 48–72 hours, especially if volume stays red and resistance near MA(7) holds. However, if buyers step in and flip $0.4620 into support, WCT could attempt a recovery leg toward $0.4750–$0.48. The next 2–3 candles (hours) will be critical in determining if this is just another dip—or a potential base for a reversal. #WCT #Write2Earn #BinanceSquareTalks
WCT/USDT 1-Hour Analysis (As of June 4, 2025 - 3:37 PM) Technical Overview: Current Price: $0.4898 (-9.93%) 24h High/Low: $0.5449 / $0.4880 Key Moving Averages: # MA(7): 0.5027 (above current price – bearish) # MA(25): 0.5223 (downtrend) # MA(99): 0.5661 (long-term resistance, steep decline) Volume: Decent volume on red candles suggests "active selling pressure" Price Action: Breaking below short-term support (0.4880), consistent lower highs and lower lows forming a clear downtrend. Trade Setup: Bias: Bearish Short-Term Strategy: Wait for a bounce to MA(7) around $0.50–$0.5050 for a short entry. Risk Level: Tight stop-loss above $0.52 (MA25) to limit upside risk. Target: $0.45–$0.44 (previous liquidity zone from volume bars) Alternative: If price consolidates above $0.49–$0.50 with increasing green volume, a reversal scalp may be viable. Conclusion: WCT is currently trading at $0.4898, down nearly 10% today. But is this the final flush before a bounce—or are we heading deeper? Here's what the 1-hour chart is screaming: Momentum is fading, with MA(7), MA(25), and MA(99) forming a perfect bearish alignment. Volumes show big sellers dominating the game. $0.4880 is acting as thin ice—once cracked, we may slide toward $0.45 or lower. Smart play? If we see a dead cat bounce to $0.50+, watch it closely for a high-probability short. 🐻 Or, if you believe in the token long-term, this dip might just be your discounted entry. 📊 I'm tracking this LIVE. Want real-time updates? Drop a 🔔 in the comments! #WCT #BinanceSquare #Write2Earn $WCT