⚡ The currency $WCT is gaining strength during this period.. and the rebound from the 0.15 area indicates it's not just a transient movement.
The chart over the past few days has started to show the first signs of exiting the long decline, along with an entry of volume higher than usual — and this is usually the beginning of a change in direction in the short term.
📊 According to the chart:
The price is above the MA7 average, and this is the first positive signal.
It hasn't closed above the MA25 yet.. and this is the level that determines whether this movement will continue or not.
The volume is gradually increasing — and this is the most important sign in these currencies specifically.
💡 What could happen?
If the price breaks above 0.20: this means the upward momentum continues and we might see a stronger movement.
If it drops below 0.14: this opens up a scenario for retesting the bottom and we might see calm or correction.
💎 Advice for anyone considering entering a trade:
An upward entry makes sense only after a clear break above the 0.20 level.
A downward entry (Short) makes sense only if the price fails to stay above 0.15 and breaks below 0.14.
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