Since its Gate.io listing on April 15, 2025, 
WCT surged to $0.6314 before retracing to $0.4038 by April 18 (CoinCarp). The 4H chart shows a descending staircase pattern with lower highs, indicating a bearish distribution phase (X post). The price is approaching a critical support zone at $0.371-$0.3149, aligning with the 0.618 Fibonacci retracement from the listing high. RSI (14) is at 42, nearing oversold, suggesting fading bearish momentum. MACD shows a bearish crossover but with converging lines, hinting at a potential reversal.
Trade Setup:
Entry: Buy at $0.315-$0.335 if price holds support with a bullish candle (e.g., hammer or engulfing).
Stop Loss: $0.305 (below 0.786 Fib).
Take Profit: $0.36 (first resistance), $0.396 (key resistance).
Risk/Reward: ~1:2.5 at first TP.
Key Levels:
Support: $0.3149 (major), $0.371 (minor).
Resistance: $0.396, $0.448.
A volume spike or RSI divergence at support could confirm a bounce. However, a break below $0.3149 risks further downside to $0.2756. Watch for increased buying pressure asWCT’s airdrop season (50M tokens allocated) may boost sentiment (Bitget).
Deadline: April 22, 2025 (4 days to confirm support hold or breakdown).
WCT surged to $0.6314 before retracing to $0.4038 by April 18 (CoinCarp). The 4H chart shows a descending staircase pattern with lower highs, indicating a bearish distribution phase (X post). The price is approaching a critical support zone at $0.371-$0.3149, aligning with the 0.618 Fibonacci retracement from the listing high. RSI (14) is at 42, nearing oversold, suggesting fading bearish momentum. MACD shows a bearish crossover but with converging lines, hinting at a potential reversal. Trade Setup:
Entry: Buy at $0.315-$0.335 if price holds support with a bullish candle (e.g., hammer or engulfing).
Stop Loss: $0.305 (below 0.786 Fib).
Take Profit: $0.36 (first resistance), $0.396 (key resistance).
Risk/Reward: ~1:2.5 at first TP.
Key Levels:
Support: $0.3149 (major), $0.371 (minor).
Resistance: $0.396, $0.448.
A volume spike or RSI divergence at support could confirm a bounce. However, a break below $0.3149 risks further downside to $0.2756. Watch for increased buying pressure as
WCT’s airdrop season (50M tokens allocated) may boost sentiment (Bitget).Deadline: April 22, 2025 (4 days to confirm support hold or breakdown).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.