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WOO / TetherUS

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WOOUSDT trade ideas

WOOUSDT is creating the Pennant WOOUSDT is exhibiting a pennant, which is forming above a 4-hour demand zone. The pennant pattern typically represents a temporary consolidation phase before a potential continuation of the previous uptrend. Market participants are showing a strong interest in testing the $0.20 area, which coincides with a significant daily support level. This level has historically proven to be a crucial support zone for the price of WOOUSDT, attracting buyers and potentially triggering further bullish momentum if successfully tested. However, if the price fails to sustain the pennant formation and breaks below it, we could expect a retest of the 4-hour demand zone around the $0.21 area. This zone has previously acted as support and could potentially act as a support level again in the event of a breakdown. Should the market lose the daily support level at $0.20, the next significant area to watch for potential downward movement is around $0.18. Breaking below this level could signal a shift in market sentiment, potentially leading to further selling pressure. Considering Plancton's rules, which may include the analysis of chart patterns, support and resistance levels, and market dynamics, a new short position could be considered if the price breaks below the pennant formation or if the daily support at $0.20 is violated. ––––– Follow the Shrimp 🦐 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 🦐
by InkyGrip
26
WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern We've got 2 things that could happen: It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case: Bearish target would be: 0.15 - 0.17 area It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place. Bullish Target : 0.26 - 0.30 area Happy trading and I'll keep updating as I see points of interest. Regards, 🕯️ Kina 🕯️
by KinaStar
WOO/USDT LONG SCALP SETUP! LOW RISK, HIGH REWARD SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this WOO/USDT trade setup. WOO looks good here. Breaks out from the cup and handle pattern in 2hr time frame and currently retesting the neckline. Long some here and add more in dip. Target1:- $0.238 Target2:- $0.246 Target3:- $0.253 Target4:- $0.260 SL:- $0.224 Lev:- 5x-10x If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
2
woo usdt perpetual Hello fellow traders Greetings from team Trading The Tides lets talk about Woo which we been trading for the last 3 days and made around 30% in profits . today as the FOMC is really close and there many crucial Data down the line . First of all specifically today I don't see much buying in WOO , secondly Woo is creating more and more resistance to the upside , which make me think not to trade woo until it goes back to support and on atleast 15 min time frame creates a wick which in other sense gives idea about institution getting in to take the prices higher , so I will wait till then . My second opinion about woo is to break the lows of the symmetrical triangle on 4h , 1h and then we can plan a short trade again on the basis of breakdown structure with proper risk n reward . I don't take more than 2% SL so if the trade goes opposite , I will accept the SL and look out for other opportunities . Note : I am just a technical , fundamental analyst and day trader . Any info given is not a financial advice , i am only posting what i think is right , feel free to guide if u think i am wrong plz . Thanks .
by TradingTheTides
WOO - Hedge ShortI've been long AF on WOO and expect at least 50%, potentially 2x move from here if we break the resistance with volume, but also starting to build a short position in this area because: - it's packed with resistance: Downtrend VAH, cluster VAs, untapped daily pivots and TR Extension. - As per my previous ideas, there are key levels to the downside which will work as a magnet at probably in the next 3 months. There is a slim chance that I already got front-runne as it hit golden pocket on log scale, but I don't trust golden pocket when trading alts. I'll stop the trade manually as we'll probably have a daily bearish div we get a daily close above the daily resistance.
Short
by cryptokebab