WOOUSDTHello there,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for WOOUSDT
R2 and R1 on the top of this chart are the resistance areas which demonstrate the disability of the price to rise. And we have S1 and S2 that used to be resistance areas in the past. As it is shown in the chart, the price was able to break S2 area upward and by reaching higher mounts, it faced some rejection at R2 and when it fell into S2 for another time, there it received more support and rose toward R2. At this point, again it could not experience more rise and lost the support and had a decline down to our first support area. Therefor, the existence of a doji candle as the last three position besides the previous negative Marubozu Candle mean that the price is going to have a corrective trend and after being in a supportive mode, an increase would be there for it. Therefore, we see the fluctuation of price in S1 area now and it is expected that the price to be supported at S2 and then resume its rise toward R1 and R2. If the price is able to fix and is supported at S2, we are able to enter trading and put our trade orders. Also if the price loses the support and fall below S2, more fall is probable. It is better to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next action. In case you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you the best