$WCT Bulls Strike Back — Short Liquidations Triggered!

An explosive move just rocked the $WCT chart. A sharp liquidation worth $18,758 hit at $1.2629, signaling that short sellers were caught off guard. Momentum is shifting, and this could be the beginning of a breakout run. Here's a detailed breakdown of the current setup:

Technical Analysis:

Short Liquidation Level: $1.2629 — this level now acts as a short-term support and a psychological line in the sand for late shorters.

Structure Shift: Price action has flipped from consolidation into aggression, as bears lose grip. Volume confirms this breakout.

Buy Zone:

$1.2300 to $1.2650 — Ideal entry zone if price consolidates or retests post-liquidation. Strong support forming in this range.

Targets:

Target 1: $1.3450 — Local resistance zone; high probability level for first take profit.

Target 2: $1.4100 — Previous swing high and breakout level.

Target 3: $1.5200 — Extended bullish target if momentum continues with rising volume.

Stop Loss:

$1.1950 — Below previous higher low and liquidity wick. If price closes below this, trend strength is in question.

Sentiment Outlook: Shorts are under pressure. Liquidations like these are often the spark that ignites a bullish rally. If bulls maintain control above $1.26, further upside is likely. However, patience is key — let the price retest and confirm strength.

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