The $WOO /USDT 15-minute chart indicates that the current price stands at 0.2134, showing an impressive increase of 13.21%. The price has recently tested a peak at 0.2186, which marks the nearest resistance level.
This point is crucial, as a break above it could signal further bullish momentum and attract buyers. On the other hand, the key support level is set at 0.2042, providing a safety cushion that, if tested, could see renewed buying interest.
Traders considering entering the market may find an entry point around the current price of 0.2134 ideal. The profit-taking targets are positioned as follows: TP1 at 0.2160, TP2 at 0.2180, and TP3 at 0.2186 for incremental gains.
To protect against potential price retracements, a stop-loss (SL) at 0.2020 is recommended, ensuring a controlled exit should the market reverse unexpectedly.
