WOOUST trade ideas
Support and Resistance Trend Line Trading (Woo 4H)Hey guys, let me share today's perspective!
We expect the 4hour candle to rebound when it closes with beekeeping.
If you break below the support line and the resistance line, Run away.!
WOOSalaam
Hope all of you doing well
Woo broke the inverse head and shoulders pattern and pulled back.
Also, it seems it moves in a falling wedge, regarding the last move, the target could be around 0.33-4 area.
The trade setup is despite that I expect some retrace for cryptos when BTC is around 25.7-26k area.
So it's more important to use SL and manage risk.
Good luck
Manage the risk PLZ!
WOO - a very promising projectWOO finance is a very promising project with good fundamentals and tokenomics.
price shattered to the floor due to the launch during the crash of 2021.
while 1 WOO token has the promise to reach upto 10$, we focus on the maths and the golden pocket says that price has the potential to move to 0.5$ (even if it turns out to be a fake bull run).
the MAs have indicated the resurrection of the price and bottom for this coin is in at 0.1$...
recently it made a jump tp 0.3$ and currently trading at 0.22$.
this is a good time to enter in this trades the RR is very high.
Let's meet on the other side of the trade. Ciao.
WOOUSDT wants the supply zone?WOOUSDT has seen substantial growth in recent times, as indicated by a return of more than 79% since my previous idea.
The market for this asset recently broke out of a falling wedge pattern, with support noted at 0.18.
The price has since retested the 0.5 Fibonacci level, allowing it to acquire new liquidity.
The next target for this asset is expected to be the supply zone at 0.24 dollars, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
WOO 1D chartAt the beginning of January this year, with the rise of BTC, many currencies also rose, and WOO was no exception.
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It can be seen from the 1D chart that WOO has broken through the pressure trend line starting from the high point of 0.2747. After breaking through the previous high of 0.1975, it came to 0.2281, and the trend turned to higher high and higher low.
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Fibonacci retracement with the high point of 0.2281 and the low point of 0.1016, WOO steps back at 0.1649~0.1798, and the first target is 0.2914~0.3063.
It should be noted that 0.2764 (1.382) overlaps with the previous high of 0.2747. The previous high point usually has a resistance effect, and WOO may consolidate here for a period of time before going out.
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WOO target price:
0.2764
0.2914~0.3063
0.3546
0.4103
0.4382
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WOOSDT (4H) - Bullish Wave LTFHi Traders
WOOSDT (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.212 after the market found support at 0.192. Only the downward break of 0.192 would cancel the bullish scenario.
Trade details
Entry: 0.212
Stop loss: 0.192
Take profit 1: 0.250
Take profit 2: 0.285
Score: 8
Strategy: Bullish Wave LTF
WOOUSDT wants the resistanceThe price is testing the upper trendline inside an ascending channel
How to approach it?
IF the price is going to have a breakout or if the price is going to grab new liquidity, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐