Hello fellow traders !
Greetings from team Trading The Tides
woo usdt/ perp is currently at its support which was once a heavy resistance if the price breaks the support zone there will be a good RR trade , currently woo is inside a symmetrical triangle , the volume near the support is droping so i am not initiating short position , but for scalping there is a good opportunity in woo as the market is inside a rectangle on 1,5 m tf .
I hope u like the idea to trade woo !
Greetings from team Trading The Tides
woo usdt/ perp is currently at its support which was once a heavy resistance if the price breaks the support zone there will be a good RR trade , currently woo is inside a symmetrical triangle , the volume near the support is droping so i am not initiating short position , but for scalping there is a good opportunity in woo as the market is inside a rectangle on 1,5 m tf .
I hope u like the idea to trade woo !
Note
and if it breaks the suport close 1 or 2 4h candles below the support , i will initiate short position and my tf will be all the way down to the next support , planning for swing tradeNote
and if it bounces from the support , shorting it from 0.288 is a good ideaNote
shorts done with 12 % tpTrade closed: target reached
trade closed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.