#WOOUSDT dose a major breakout from its bullish channel on a daily timeframe . The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move.
#WOO is currently testing the critical support zone of $0.1630, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast.
A bounce from the major support zone at $0.1833 could ignite an upward rally. Watch for strong buying interest here. If the liquidity at the major support zone isn't enough, we might see a move down to $0.110. A strong buying response at this level could still spark a bullish run for #WOO.