$WOO
/USDT Technical Analysis & Trade Strategy🎯🔥
Current Price: 0.2933 (-4.31%)
24h High: 0.3068
24h Low: 0.2867
24h Volume (WOO): 22.79M
24h Volume (USDT): 6.71M
Key Indicators:
Trend: Bearish with a 4.31% drop, signaling some downward pressure.
Support: 0.2867 (24h low) — a key support level to monitor for potential price reversal.
Resistance: 0.3068 (24h high) — the primary resistance level to watch for recovery.
Volume: Moderate volume, indicating active but cautious trading.
Depth: Negative depth suggests selling dominance, but price might stabilize near support levels.
Trade Strategy:
Entry Point:
Buy near 0.2867 (24h low) if price shows signs of a reversal or consolidation at this support level.
Alternatively, enter long if price breaks above 0.2900, indicating a shift toward upward momentum.
Target Levels 🎯:
1. Target 1: 0.2950 – First resistance level (around 3% gain potential).
2. Target 2: 0.3000 – Intermediate resistance zone (4.5% gain potential).
3. Target 3: 0.3068 – Previous 24h high (5% gain potential).
Stop Loss:
Stop Loss: Set at 0.2830 to manage risk (around 1.3% below current price).
Summary:
Buy near 0.2867 or 0.2900 if the price shows a rebound or momentum shift.
Target Levels: 0.2950, 0.3000, and 0.3068.
Stop Loss: 0.2830.
This strategy focuses on entering near support levels for a potential rebound, with clearly defined profit-taking levels at resistance. Stop loss is set to limit downside risk.