WCT/USD — Daily Resistance & Bearish Scenario

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WCT/USD — Daily Resistance & Bearish ScenarioWCT/USDCAPITALCOM:WCTUSDSmart_Money_EdgeWCT/USD is currently testing a significant daily resistance area around 0.0395–0.0415 after a recent recovery from the lower levels. The broader structure remains bearish, with price still below the major resistance zones established during the previous decline. Key observations: 0.0395–0.0415 is the immediate resistance area to monitor. A clear rejection from this zone could favor a move toward 0.0350–0.0330. Further weakness could bring the lower support region into focus. If price breaks and holds above 0.0415 on the daily timeframe, the bearish scenario would lose strength. In that case, the next important resistance areas are approximately 0.0515–0.0540 and 0.0660–0.0740. Overall, the chart remains bearish while price stays below the current resistance zone. Confirmation through daily price action is important before drawing conclusions from the projected move. Educational technical analysis only. Market conditions can change and this scenario is not guaranteed.