π Paradisers, #WOO is indeed a coin worth monitoring closely.
π 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.
π Breaking through this supply area is crucial for WOO to sustain its upward movement and reach our target strong resistance area.
π 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.
π 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.
π 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.
MyCryptoParadise
iFeel the successπ΄
π 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.
π Breaking through this supply area is crucial for WOO to sustain its upward movement and reach our target strong resistance area.
π 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.
π 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.
π 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.
MyCryptoParadise
iFeel the successπ΄
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV