Date: May 20, 2025
WCT/USDT has just broken out of a clear consolidation range, showing strength after a sustained rally and a healthy mid-term correction. Price is now retesting the previous resistance as support — a classic bullish continuation pattern.
📊 Technical Overview:
Current Price: $0.6051
Key Breakout Zone: $0.57–$0.59 (now flipped to support)
EMA Structure: Price is above the 4EMA and trending upward, showing bullish short-term momentum.
Volume: Strong initial breakout volume, followed by a decrease during consolidation — typical of accumulation behavior.
📈 Entry Zones:
Retest Entry: Around $0.59–$0.60, ideal for confirmation traders.
Aggressive Entry: On breakout candle close above recent highs ($0.61+).
🧷 Validation:
The setup remains bullish as long as price holds above the $0.57–$0.58 zone.
A breakdown below this area would invalidate the bullish structure and suggest potential reaccumulation or rejection.
🎯 Target Projections:
TP1: ~$0.75 – near-term continuation target based on previous impulse projection.
TP2: ~$0.95 – extended move target assuming trend continues with momentum.
📊 RSI Analysis:
RSI is around 68–69, showing strong bullish momentum without being too overheated.
RSI broke above 70 recently, pulled back slightly, and is now curling back up — a potential signal of another leg up.
🧠 Final Thoughts:
WCT has shown solid breakout behavior followed by a textbook retest. If buyers hold this new support level, continuation to higher targets looks likely. Watch for volume confirmation on next impulse.
WCT/USDT has just broken out of a clear consolidation range, showing strength after a sustained rally and a healthy mid-term correction. Price is now retesting the previous resistance as support — a classic bullish continuation pattern.
📊 Technical Overview:
Current Price: $0.6051
Key Breakout Zone: $0.57–$0.59 (now flipped to support)
EMA Structure: Price is above the 4EMA and trending upward, showing bullish short-term momentum.
Volume: Strong initial breakout volume, followed by a decrease during consolidation — typical of accumulation behavior.
📈 Entry Zones:
Retest Entry: Around $0.59–$0.60, ideal for confirmation traders.
Aggressive Entry: On breakout candle close above recent highs ($0.61+).
🧷 Validation:
The setup remains bullish as long as price holds above the $0.57–$0.58 zone.
A breakdown below this area would invalidate the bullish structure and suggest potential reaccumulation or rejection.
🎯 Target Projections:
TP1: ~$0.75 – near-term continuation target based on previous impulse projection.
TP2: ~$0.95 – extended move target assuming trend continues with momentum.
📊 RSI Analysis:
RSI is around 68–69, showing strong bullish momentum without being too overheated.
RSI broke above 70 recently, pulled back slightly, and is now curling back up — a potential signal of another leg up.
🧠 Final Thoughts:
WCT has shown solid breakout behavior followed by a textbook retest. If buyers hold this new support level, continuation to higher targets looks likely. Watch for volume confirmation on next impulse.
Dagangan ditutup: sasaran tercapai
Our main target is reached, well done!! :-)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.