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.
交易結束：目標達成
Our main target is reached, well done!! :-)
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