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Hxlaw
Hxlaw
$WCT • Reversal signal: After the accumulation period that created a bottom around 0.05485, the graph shows a growth structure again with a slight increase of +1.60% on the day, currently trading at 0.05709. • Price Action (Price Action): The latest 1-hour candle is a long-body green candle with strong buying force, completely breaking above the average group and approaching the old peak near 0.05879. • Support lines (MA): The price has cut up and is above all short and long-term MA lines (MA5, MA10, MA20, MA30, MA60, MA120). Short-term MA lines (MA5, MA10) begin to bend upwards, forming a very good dynamic support area just below (around 0.0558 - 0.0562). Trading strategy: The buy signal (Long/Spot) is quite potential. However, avoid chasing (FOMO) at the current price because the candle has just increased sharply. Should patiently wait for the technical adjustment rhythm (retest) to the support area of the MA lines around 0.0560 - 0.0562, stop loss right below the old bottom (0.0548), short-term profit-taking target at 0.0588 - 0.0590.

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