MyCryptoParadise

WOO/USDT It shows price will upward trajectory movement.

BINANCE:WOOUSDT   WOO / TetherUS
πŸ’Ž Paradisers, #WOO is indeed a coin worth monitoring closely.

πŸ’Ž It has successfully broken through resistance and undergone a retest, with the resistance now acting as support around the $0.327 area. This sets the stage for a potential upward trajectory, with the next challenge being the supply area around $0.394.

πŸ’Ž Breaking through this supply area is crucial for WOO to sustain its upward movement and reach our target strong resistance area.

πŸ’Ž However, if WOO fails to break through the supply area and experiences a strong rejection, the price may retreat back downward to retest the support and gather momentum for another breakout attempt.

πŸ’Ž Should WOO also fail to bounce upon retesting the support at $0.327 and instead break below it, the next significant level to watch is the demand area around $0.275. This area must hold and prompt a bounce upon testing, as it represents a critical level for WOO's price action.

πŸ’Ž A bearish invalidation would occur if WOO breaks below the key support level and the daily candle closes below it. Such a development would confirm a continuation of the bearish movement, potentially leading to further price declines.

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