๐ Market Overview
$WCT Current Price: $0.5377
24h Drop: โ10.70% (very bearish)
24h High/Low: $0.6148 / $0.5314
Order Book Sentiment:
Buy Orders: 81.85%
Sell Orders: 18.15% โ Retail FOMO buying, but risky!
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๐ Technical Snapshot
Strong downtrend with consistent lower highs and lower lows
No solid support bounce yet; current price is near daily low
Volume still decent, but candles show weak buyer strength
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๐ฎ Future Trading Plan
โ ๏ธ High-Risk Short-Term Traders
Avoid entering long now. Wait for confirmation of a bottom reversal.
Scenario: Short Entry (Scalp trade)
Entry: $0.540โ$0.544 if a weak bounce appears
Target: $0.530
Stop-Loss: $0.548
Reason: Sell the bounce, trend is still bearish
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โ Safer Plan: Wait-and-Watch for Reversal
Entry: Only enter long above $0.550 with strong green candle
Target: $0.570
Stop-Loss: $0.530
Confirmation: Volume + bullish engulfing or double bottom near $0.530
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๐ Key Levels
Level Type
$0.5314 Immediate Support
$0.550 Resistance Zone
$0.570 Mid Resistance
$0.600+ Breakout Zone
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โ ๏ธ Final Advice
> Do not chase longs just because 81% are buying. It often leads to a trap in strong downtrends.
Wait for a clear bullish pattern or trade short bounces with strict stop-loss.
