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 !
Comment:
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 trade
Comment:
and if it bounces from the support , shorting it from 0.288 is a good idea
Comment:
shorts done with 12 % tp
Trade closed: target reached:
trade closed