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$WCT Strongly Bullish but overbought, I'd go Long on pullback entry
The 1H chart shows:
• Strong impulse move from 0.07322 to 0.09452 (29% gain)
• Current price is testing the 61.8% Fibonacci retracement of the entire move
• Multiple upper wicks above 0.0920 indicate rejection at higher levels
• The most recent candle shows reduced volume, suggesting exhaustion
• 1H Contract Net Inflow: +1M USDT (strong institutional buying)
Entry long
$WCT : pullback to 0.083-0.085 support zone or confirmed bounce from 0.083 with volume increase
Stop Loss: 0.0804 (Below MA20 and mid-Bollinger Band)
Target
$WCT : 0.092 -0.094
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#wct #wctusdt #WalletConnectToken