Trade ideas
WOO Network: Triangle breakout & potential 10x bagger!WOO Network just finished a huge triangle, similar to the one Solana did from May to July before the crazy 10x rally. Woo Network could be a 10 bagger as well. Go read about the project. It is an exchange with 0 commissions if you stake some of their tokens. Also revenues they generate from the trades are going toward buying WOO tokens and burning them, thus increasingly the value. The UI is slick and they have an IOS mobile app.
WOOTRADE:USD 1day time Broken triangle But not fixed!! It is technically very beautiful
Professional traders They know which part to enter trid is here
WOO long on a false break premiseMostly a RR play banking on a potential false break. Tight stops for a quick out when things go against me. Minimum target is 55c which is 3.7R. Could go way higher but we'll see.
Note this is a low probability high RR play. I like these moves and have studied them but like anything else in this business, they don't always work.
WOO has been consolidating for 180 days - triangle breakout now!If WOO can hold support at $0.50, then I suspect we'll see a breakout from the triangle formation. The 1.618 Fibonacci extension would bring price to $1.85. That would be a 157% increase from current prices. Closing daily candles above $0.73 would make things look more immediately bullish.






















