WOO: Preparing for Long Entry at Key 1H LevelThe WOO token is currently at a pivotal juncture, showing signs of a potential correction as it approaches a significant level on the 1-hour (1H) chart. This level has elicited a notable reaction, indicating its importance in the market's dynamics. My approach is to closely monitor for a solid entry point, which will be based on the price behavior at this level, along with the general market structure, especially in leading cryptocurrencies. If these factors align positively, I'm considering taking a long position. It's a critical time for traders to watch WOO, as the setup suggests a promising opportunity for a long trade.
WOOUSDT.P trade ideas
WOO DCA BULLISH ZONE Accumulation is complete. The zone I follow is from 0.3263 all the way to 0.26. You should pay attention to several things:
VAH (0.26), 100 DMA (0.3) 200 DMA (If comes 0.26). A big resistance that should now be a support. Fibonacci 0.3 plus 0.5 in this zone
If these prices are reached it is -40% from the last swing peak
WOO/USDT Bullish reversal from lower demand?👀WOO Today Analysis💎 Attention, Paradisers! #WOOUSDT is ready to soar, as it shows strong momentum from its lower demand zone.
💎 Looking at #WOO recent trends, it dipped slightly below the support level, creating a bearish sentiment. However, the price is still close to the buying liquidity at this crucial point, which could trigger a bullish bounce from the lower demand at $0.2366.
💎 If FWB:WOO maintains this speed after reaching this level, we could see a rise towards the attractive supply zone at $0.5240.
💎 But remember, the trading game is all about being proactive. If our star player loses its bullish force from its lower position, a further decline could happen.
WOO / WOOUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Woo long set upFWB:WOO pumped hard as you can see on the daily chart.
It was moving in a parallel channel until it broke out couple of days ago.
Resistance of the parallel channel turned into support, as you can see price hit 2.618 level and is retracing back down.
disclaimer:
My entry : 0.3520 c
Stop: 0.2788