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WCT recently increased by 27%, which indeed looks tempting. But as I watch the market, the more I look, the more I feel something's off—the trading volume has evaporated by 90%. Now that's interesting.
Price is rising, but volume is shrinking. This kind of divergence is usually not a good sign in the market. What does it indicate? The buying pressure isn't that strong; it's just internal funds hyping themselves up, with no real sustainable support. Once selling pressure hits, the rally could collapse immediately.
Let's look at the indicators. The 4-hour RSI has indeed shot up to 77, appearing quite strong. But what about the details? The 1-hour and 15-minute levels have already started turning down, and momentum is waning. This looks more like an emotional pulse rather than a trend reversal. The market's danger lies here—in times of extremely low volume, a high RSI can become a huge trap for false signals.
So, for now, I choose to stay on the sidelines. WCT is currently at 0.09 USDT, which is already the price after the hype-driven push. There's no need to chase. The real opportunity should wait. If the price drops back to the 0.082 to 0.085 USDT range, accompanied by a moderate increase in volume, then a gentle long position might make sense. Either be patient and wait, or don't act at all.
In the end, the market will tell us whether the volume-squeezing surge is a trap or an opportunity. For now, it's smartest to observe.