đ Paradisers, #WOO is indeed a coin worth monitoring closely.
đ It has successfully broken through resistance and undergone a retest, with the resistance now acting as support around the $0.327 area. This sets the stage for a potential upward trajectory, with the next challenge being the supply area around $0.394.
đ Breaking through this supply area is crucial for WOO to sustain its upward movement and reach our target strong resistance area.
đ However, if WOO fails to break through the supply area and experiences a strong rejection, the price may retreat back downward to retest the support and gather momentum for another breakout attempt.
đ Should WOO also fail to bounce upon retesting the support at $0.327 and instead break below it, the next significant level to watch is the demand area around $0.275. This area must hold and prompt a bounce upon testing, as it represents a critical level for WOO's price action.
đ A bearish invalidation would occur if WOO breaks below the key support level and the daily candle closes below it. Such a development would confirm a continuation of the bearish movement, potentially leading to further price declines.
MyCryptoParadise
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