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candlestickanalysis chartpatterns contractionandexpansion contractionindicator cycles insidebarsetup keylevel masterpatternconcepts masterpatternindicator Less Tags Show All Tags
WOO trade update.
WOOUSDT.P
, 240
WOOUSDT.P: WOO trade update.

We recently shared a potential breakout scenario for GETTEX:WOO : In our initial analysis, we highlighted the possibility of a strong move above the previous monthly high. While our first entry did not pan out as planned (stop loss hit), this trade is a prime example of why risk management is non-negotiable. Key takeaway: A well-placed stop loss keeps losses...

WOO - Potential breakout move above previous month high.
WOOUSDT.P
, 240
Long
WOOUSDT.P: WOO - Potential breakout move above previous month high.

As per Trend X indicator, WOO has broken above the previous month high and has been retesting that level several times. If it holds above, there is a high chance of an upwards move towards Resistance 1 and possibly past that level, all the way to Resistance 2 (that would be a ~30% move from entry) Entry: $0.2392 Stop loss: $0.2277 TP1: $0.2754 TP2: $0.3140 R/R: 6.5

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