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WOO / TetherUS

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WOOUSDT trade ideas

MY WOO DOUBLE PATTERN TRADEIn the past days, I posted an idea about BINANCE:WOOUSDT forming a potential double top pattern. Then, entered with the confirmation of a breakout on the first diagonal support line along with other confluences such as good selling volume and the RSCD (RSI and MACD). Take profit areas: 1) Price touching the second and the longer diagonal support. 2) Price reaching the neckline support. 3) Price on the 0.5 fib area/ common support line. 4) Stop profit above neckline. How to Use the TP/SL Split Target Feature on Binance Futures www.binance.com
Short
by Habadoo
WOO: DOUBLE TOP PATTERNIn this technical analysis, the idea presented is the 4-hour chart of BINANCE:WOOUSDT , which appears as a bearish indication of a double top pattern. With that, I plotted two potential diagonal support lines to consider for a breakdown to materialize. I have a bearish sentiment for WOO based on an unlocking happening this October 10 per defillama.com . What is unlocking? From a coin perspective, investors have the attempt to sell the unlocked tokens that they held for some time, which can decrease the price of the coin. We're currently on a weekend, so we can't expect volume. I will continue to monitor this coin from time to time and provide updates as well in the comments. On another note, consider checking my article about BTC CRUCIAL TRIANGLE as we could expect a massive move and could correlate with altcoins as well. Always plan your trades by knowing your support and resistance along with take profit or stop-loss areas when entering a position. Happy trading!
Short
by Habadoo
WOO long-term plan I suppose that WOO has been forming an Accumulation schematic following Wyckoff method. According to my analysis, it'd take months for WOO to be in the range $0.1-$0.3. Base on this plan with expected main events, I'll look for potential setups. ------------ Info about WOO ------------------- WOO Network is a system of Centralized Finance (CeFi) and Decentralized Finance (DeFi) services designed to provide greater liquidity for various players in the cryptocurrency market. It utilizes blockchain technology to enable traders, exchange platforms, institutions, and DeFi platforms to access greater market liquidity and execute transactions quickly at a reduced or zero cost.
by evasivesteering
2
WOO short - swing tradeShorted WOO (again) and looking for the same levels we have been playing lately. The pa has been decent and slow but WOO seems like it will most fast and nicely IF BTC fails to retain its current support levels. The overall range levels have been respected so far and pa has been decent. Looking to play with a tight stops as I will be having other big positions open for this week. Entry 0.1681$ TP 0.1510$ SL 0.1750$ hard stops IF we break and hold above 0.1725$ I will look to reduce my position. Overall bearish plan remains the same for now until proven otherwise. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
WOO short - swing trade WOO has been pretty interesting and nice to trade despite our previous swing trade which did not go according to plan. Nevertheless, we are back and I have scalped it pretty decently. But what is next..... IF we get back into the range I will be looking to target 0.15$. Getting back into the range (red line) would confirm a deviation. Trade would be the exact same as the one annotated to the left side of the chart. Bear in mind your RISK MANAGEMENT and do not be too overzealous. Overall pa looks bearish for now so let's see how it plays out once the market opens (NY time). Entry after clean break below 0.1625$ TP 0.15$ SL above highs of day Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
WOO swing short - Ranges overview (day trade update) We got taken out on our previous WOO short idea and that is alright. RISK MANAGEMENT in risky aggressive trades is king. As soon as we got taken out on the short trade, adapted to the market structure and scalped all the way to the top on the smaller time frame. Took a small short scalp back into our liquidity pool (yellow box) Here is a quick overview of the ranges in which we are playing for the time being. The overall sentiment remains a bearish one within the current ranges. From a general perspective pa should eventually go to the downside. Personally targeting the lower end of the range sitting around 0.12$ Clear invalidation above 0.1815$ Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
WOO short - day trade WOO has given me a great long and short opportunity this week. Basically played the range. Entered a short with a tight stop. IF we break above the yellow box I will cut the trade. IF we get into the range I will be looking to target 0.15$. --- added DXY underneath so you guys can see the confluence --- Overall trade is an aggressive trade so be aware of your RISK MANAGEMENT and bear in mind the numbers coming out today (PPI, core retail sals, ECB press and US unemployment numbers) Entry market TP 0.15$ SL above current liquidity Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Short
by Patrick2707
WOO SHORT SETUP After hitting the fvg, bearish order flow has been well transferred to the candles. Then after the bearish order flow was transferred, we saw a bearish CH. A dynamic resistance has been formed above the price, which is the place of divorce between descending blocks. As the invalidation level is close, sell/short trades can be attractive. The main and strong demand is Demand 2, where you should completely exit Sell/Short trades For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
1