Current Market Structure:
🔹 #WOO is trading in a perfect Accumulation Phase after a prolonged downtrend. Smart money seems to be accumulating, and a strong breakout could be on the horizon!
Bullish Confirmation:
🔹 A bullish divergence is forming on the 4-hour timeframe, signaling potential upside momentum. However, confirmation will come when #WOO breaks out and closes above the Accumulation Phase.
Trade Plan:
🔹 Wait for a break and retest above the accumulation zone.
🔹 Look for a strong bullish candle closure to confirm momentum.
🔹 Target key resistance zones while maintaining proper risk management.
Key Levels to Watch:
🔹 Resistance: $0.14 (Breakout Zone)
🔹 Support: $0.1350 - 0.09 (Accumulation Support)
What’s Your Take?
Are you bullish or bearish on #WOO? Drop your analysis in the comments below! Let's discuss.
🔹 #WOO is trading in a perfect Accumulation Phase after a prolonged downtrend. Smart money seems to be accumulating, and a strong breakout could be on the horizon!
Bullish Confirmation:
🔹 A bullish divergence is forming on the 4-hour timeframe, signaling potential upside momentum. However, confirmation will come when #WOO breaks out and closes above the Accumulation Phase.
Trade Plan:
🔹 Wait for a break and retest above the accumulation zone.
🔹 Look for a strong bullish candle closure to confirm momentum.
🔹 Target key resistance zones while maintaining proper risk management.
Key Levels to Watch:
🔹 Resistance: $0.14 (Breakout Zone)
🔹 Support: $0.1350 - 0.09 (Accumulation Support)
What’s Your Take?
Are you bullish or bearish on #WOO? Drop your analysis in the comments below! Let's discuss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.