#WOOUSDT Need to break for continue upward movement !!
#WOO has undoubtedly made a significant impact on the market with its remarkable ascent. However, WOO is currently facing a challenging time trying to break through the supply area at $0.251 and is experiencing rejection at this level. If it fails to break through this supply area in the near future, there's a possibility that WOO may experience a decline and return to test the demand area around $0.202 to establish new upward momentum.
Nevertheless, if #WOO can successfully breach the supply area, it opens up the possibility for WOO to continue its upward movement, probability making it easier to reach our target in the supply area.
In a bad scenario, if #WOO retraces to the demand area at $0.202 and doesn't exhibit a rebound, this raises the potential for WOO to break below the demand level. In such a scenario, it's indicative of a bearish trend for WOO, and there's a likelihood that WOO may continue its descent, possibly returning to the strong support area.