I talked about analyzing what happened before and after; this is a brief and clear reading based on the two images 👇
$WCT
📉 Before (image one – 1H)
There was a clear downward trend (lower highs and lower lows).
The price dropped significantly to the demand area + FVG around 0.0820 – 0.0830.
This area was:
FVG
Horizontal support
With accumulated liquidity
The market entered a consolidation phase (small range).
🔴 Meaning:
The market was stopping the decline and preparing for a reaction, not a direct continuation of the drop.
📈 After (image two – 15m)
A clear rebound occurred from the same area (0.0820).
A Higher Low was formed (a low higher than the previous one).
The price rose to 0.086+ and then corrected.
The correction stopped:
Between 0.618 – 0.706 Fibonacci
And above the same previous support
Buy Limit placed at a correct location, with SL below the support 👍
🟢 Meaning
This confirms that the area is working, and the rebound was not a coincidence.
🔁 Quick comparison
Before------------After
Strong drop------Organized rebound
Selling pressure-----Weak sellers
Liquidity accumulating----Distribution above
Entry risk---- Calculated entry
🎯 Practical summary
The entry was correct from the area.
Positive scenario:
Holding at 0.0820
Re-testing 0.0865 → 0.0900
Negative scenario:
Breaking 0.0820 = Canceling the purchase (SL is active)