$WCT /USDT — 15M Market Structure Read
WCT is holding a steady bullish structure after the impulsive push off the 0.0717 sweep, with buyers clearly stepping in on every downside probe. That deep wick was rejected fast, trapping late sellers and confirming strong demand absorption below value.
Price is now rotating just above key short-term averages, showing acceptance rather than distribution. Momentum isn’t explosive yet, but the tape favors continuation as long as structure holds.
Defended support:
0.0717–0.0722 → clean liquidity sweep and immediate buyer response
Secondary intraday support around 0.0728–0.0730
Current consolidation:
0.0730–0.0734 → tight range, price compressing above MAs, volatility building
Resistance ahead:
0.0736–0.0747 → local high and 24h resistance
Acceptance above 0.0736 opens the door for continuation into the upper range
Bias: Bullish continuation while price holds above 0.0728
Caution level: A sustained loss of 0.0717 would invalidate the higher-low structure and weaken momentum.
Overall, buyers are in control. Pullbacks are getting bought, downside wicks show rejection, and the tape suggests continuation bias if volume expands through 0.0736. Late sellers remain vulnerable if price accepts above resistance.
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