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WOO / TetherUS PERPETUAL CONTRACT

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WOOUSDT.P trade ideas

Buy WOO My previous setup was not activated when WOO was very closed to buy area but had reversed and risen 40% (see link below). It's been correcting since then and the second buy opportunity is now, in my opinion. Because WOO is very volatile, the proposed setup is recommended for Spot buy: Buy when WOO in the gray area. TPs are blue lines Invaliditation when 1D candle (or 4H depending on your style/risk management) close above the red line Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control
Long
by evasivesteering
WOO/USDT The retesting is valid? Ready to continue Upward!!💎 WOO has recently shown a notable rebound from a key support area, which was previously a point of resistance. This bounce into the retesting phase could be an indicator that WOO is gearing up for a sustained upward movement, potentially aiming to reach new highs in the strong resistance zone. 💎 However, if WOO struggles to maintain its position upon revisiting this support area and instead breaks below it, it could be a concerning sign. Such a development might indicate a shift in WOO's trajectory towards a downward movement, with the Bullish OB area being the next significant lower stop. 💎 The Bullish OB zone, therefore, becomes a crucial area to watch. For WOO to preserve or regain its bullish momentum, it is essential for it to find strong support and rebound in this zone. A failure to do so and a subsequent drop below this area could exacerbate the bearish trend, potentially leading WOO towards more substantial levels of support.
by MyCryptoParadise
2
📈 WOO: Analyzing the Megaphone Pattern 📉WOO finds itself within the expansive confines of a megaphone pattern, a distinctive structure that carries implications for future price movements. Recent market developments include a notable sweep in the supply zone, indicating robust selling pressure and triggering a pronounced short-term reaction. The unfolding scenario presents two plausible scenarios – a continuation of the bullish megaphone pattern or a retracement back into the established range. 📊 Key Observations: 🔗 Megaphone Pattern: WOO's current price action aligns with the distinctive characteristics of a megaphone pattern, denoting increasing volatility and divergence between successive highs and lows. 💹 Supply Zone Sweep: A recent sweep within the supply zone suggests heightened selling activity, underscoring the strength of sellers in the current market conditions. 📈 Technical Analysis: 📉 Short-Term Reaction: The notable short-term reaction following the supply zone sweep indicates an immediate response to the prevailing selling pressure. 📉 Potential Scenarios: 🚀 Bullish Megaphone Continuation: If the megaphone pattern holds true, WOO may proceed with a bullish continuation, extending its upward trajectory. 🔄 Retracement to Range: Alternatively, the robustness of the current supply zone might result in a retracement back into the established range, at least in the short term. 📊 Strategic Considerations: ⚖ Balancing Risk: Traders are advised to carefully balance the risk associated with the two potential scenarios, factoring in the dynamic nature of the megaphone pattern. 📝 Conclusion: WOO's presence within the megaphone pattern, coupled with a recent supply zone sweep, introduces a juncture of significant market dynamics. Traders are attentive to the evolving situation, weighing the possibilities of a bullish continuation or a retracement to the established range. 🚀 Unlock my 3 crypto trading indicators for FREE! 🚀
by AlexWhale
WOO/USDT Need to break for continue upward movement !!💎 WOO has undoubtedly made a significant impact on the market with its remarkable ascent. However, WOO is currently facing a challenging time trying to break through the supply area at $0.251 and is experiencing rejection at this level. If it fails to break through this supply area in the near future, there's a possibility that WOO may experience a decline and return to test the demand area around $0.202 to establish new upward momentum. 💎 Nevertheless, if WOO can successfully breach the supply area, it opens up the possibility for WOO to continue its upward movement, probability making it easier to reach our target in the supply area. 💎 In a bad scenario, if WOO retraces to the demand area at $0.202 and doesn't exhibit a rebound, this raises the potential for WOO to break below the demand level. In such a scenario, it's indicative of a bearish trend for WOO, and there's a likelihood that WOO may continue its descent, possibly returning to the strong support area.
by MyCryptoParadise
WOO/USDT Anticipating a Bullish Movement from Support? 👀 🚀woon💎 Paradisers, turn your focus to #WOOUSDT as it presents an exciting opportunity. The asset is currently positioning itself for a potential bullish move, beginning from a key support level. 💎 In the past, #WOONETWORK has shown a pattern of adhering to a descending trendline before breaking above and embarking on an upward journey. Currently, it's exhibiting a strong probability of initiating a bullish movement from the support level of .2015. If it successfully continues this bullish trend, #WOO is set to target resistance levels at $.2968, with the potential to climb even higher towards the more formidable resistance at $.3568. 💎 Additionally, be prepared for a potential bullish resurgence from the support level of $.1792. However, be mindful that a fall below this level could signal difficulties in maintaining the bullish momentum. 💎 While the temptation for hasty entries may be present among newcomers, the experienced Paradisers understand the importance of precise timing in such scenarios. It’s crucial to pinpoint the most advantageous entry points during this anticipated ascent, while also exercising caution to avoid entering at the peak of the market. 🌴💰
Long
by MyCryptoParadise
1
WOO Network (WOO) - Oversold + Bullish divergenceOn the above 2-day chart price action has corrected 90% since November. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal. 2) Price action RSI resistance breakout. 3) Points 1 & 2 above is also true for the 2-day BTC pair (below). 4) Regular bullish divergence. (1-day chart below). 5) Wink wink nudge nudge - don’t know what I mean? Shame. Is it possible price action falls further? Sure. Is it probable? No. Good luck! Ww Type: trade Risk: <=6% of portfolio Timeframe: 2 - 4 months Return: 10x 2-day BTC pair 1-day Bullish divergence
Long
by without_worries
4
WOO wait for entryWOO has very well performed since the last two weeks with more than 100% raise. Being rejected at key levels (trendline resistance & Fib 1 level), WOO is correcting. I'm waiting for entry at Fib 0.786 (higher probability with my current view of market) and Fib 0.618 . If trade will be concluded then the final target will be Fib 2 . This target would be adjusted (to higher ones) if the market condition and interest for WOO are better in the next days/weeks. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control
by evasivesteering