WOO/USDT – Descending Triangle Pressing Price at Key Zone!📌 Technical Overview
WOO/USDT is currently trapped inside a Descending Triangle on the daily timeframe. Sellers are consistently creating lower highs, while buyers are defending the critical support zone at 0.054–0.066.
This structure reflects the final stage of accumulation or distribution before the market makes a decisive move. With the triangle’s apex approaching (late September – early October), a major breakout or breakdown is likely imminent.
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📊 Pattern Details
Main pattern: Descending Triangle (statistically bearish, but upside breakout still possible).
Key support: 0.0540 – 0.0660 (golden zone).
Immediate resistance: Descending trendline + horizontal barrier at 0.0798.
Volume: Declining, showing the market is waiting for a trigger. A volume spike on breakout/breakdown will confirm direction.
Apex: Nearing → price will soon be forced to choose a side.
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🟢 Bullish Scenario
Confirmation: Daily close above the descending trendline and 0.0798 with strong volume.
Upside targets:
Target 1: 0.0798 → +22%
Target 2: 0.1019 → +56%
Target 3: 0.1282 (major supply zone) → +96%
Invalidation: Close back below 0.065 after breakout (false breakout).
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🔴 Bearish Scenario
Confirmation: Daily close below 0.0540 with a failed retest (support flips into resistance).
Downside target:
Measured move projection: ~0.0282 (approx. −57% from current price).
Invalidation: Fast recovery above 0.065–0.07 after breakdown.
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📌 Strategy & Notes
Wait for daily close confirmation with volume before taking positions.
Breakouts/breakdowns without strong volume = high risk of false signals.
Safer entries come after a successful retest of breakout levels.
Always apply risk management (set stops at invalidation levels).
Descending triangles in downtrends lean bearish, but if bulls defend the support zone, it could trigger a strong rally.
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📝 Conclusion
WOO is at a make-or-break zone.
Holding 0.054 and breaking above the trendline could lead to a rally toward 0.1282.
Losing 0.054 support opens the door to a sharp drop toward ~0.0282.
At this stage, patience and confirmation are key. The market is quiet now, but a strong move is coming soon.
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