Technical Analysis: $WOO

/USDT

Current Price: $0.248

Trend: Bullish (Momentum gaining with +10.22% daily growth)

Trade Signal

Recommendation: Buy (On retracement near support levels for a better risk-to-reward ratio)

Momentum: Strong bullish (High trading volume and price breaking resistance levels)

Key Levels

1. Support Levels: $0.2450, $0.2380

2. Resistance Levels (Targets):

🎯 Target 1: $0.2550 (Minor resistance, short-term)

🎯 Target 2: $0.2625 (Moderate resistance)

🎯 Target 3: $0.2750 (Strong resistance, potential for profit-taking)

Trade Momentum Indicators

RSI: Moving toward overbought territory (above 60, bullish)

MACD: Crossed above signal line (indicates upward momentum)

EMA (20): Supporting upward price movement

Strategy

Entry: Around $0.2450–$0.2480 (retrace and bounce confirmation).

Stop-loss: Below $0.2380 (to limit risk).

Take-Profit Levels: Gradually book profits at target levels above.

Keep monitoring volume and market sentiment for confirmation of continuation or reversal.

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