WCT has continued its downward slide, with the latest 24-hour chart showing lower highs and lower lows. The asset appears to be in a clear bearish trend with little sign of recovery in this timeframe.
๐ Quick Breakdown:
๐ป Price has declined steadily from June 24 to June 25.
๐ค No major bounce or reversal signal detected.
๐ก Trading volume remains low, signaling weak buyer interest.
๐ What Could This Mean?
Short-term bearish pressure likely to continue.
Could be a setup for oversold bounce if volume increases.
Risk is high for long entries unless strong reversal signs appear.
โ ๏ธ Warning for Traders:
If you're planning to buy the dip, make sure youโve got solid risk management. This kind of chart often traps impatient entries.
> โDonโt catch a falling knife โ unless youโre wearing armor.โ โ Pro Trader Quote
