7.17 Market Overview: WCT head and shoulders pattern

We entered a long position on WCT during the last breakthrough of the downtrend line. As Bitcoin surged, WCT also perfectly reached our target exit position; now we see that WCT has formed a head and shoulders pattern. If there are no unexpected events, the right shoulder will encounter resistance at 0.3452 and will fall back to the neckline.
Wait for a breakout at 0.3452 on the right side, then fall back for a false breakout to short, with a stop at 0.3495, targeting 0.3351 and 0.3294; on the left side, position at 0.3495 to short, with a stop at the previous high of 0.3526, targeting 0.3385 and 0.3297.
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