Here is a brief technical analysis and trade signal for the $WOO

/USDT pair:🔥💯

Technical Analysis:

Current Price: 0.2184 USDT

Trend: The pair is showing bearish momentum in the short term, as indicated by a recent 3.75% drop.

Support Level: 0.2170 USDT (24-hour Low)

Resistance Level: 0.2330 USDT (24-hour High)

MACD: Slightly bearish (implies decreasing buying pressure).

RSI: Hovering near 30-35 (indicating potential oversold conditions).

Moving Averages: Below 50 and 200 EMA, indicating a bearish trend.

Trade Signal:

Short Entry: Consider shorting if the price continues to fail at 0.22 resistance level and shows a bearish confirmation. Entry can be around 0.2180-0.22 USDT.

Target Levels:

1. Target 1: 0.2150 USDT (Support area for short-term profit taking)

2. Target 2: 0.2120 USDT (Next potential support)

3. Target 3: 0.2050 USDT (Further downside if bearish momentum persists)

Trade Momentum:

Bearish Sentiment: Given the current market trend, momentum favors the downside. Keep an eye on resistance at 0.22 USDT for confirmation of a short setup.

Stop Loss: Place a stop around 0.2250-0.2280 USDT to limit risk on short positions.

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