🚨🚨ANALYSIS AND TRADING🚨
Below is a technical analysis view on the Daily timeframe of the WOO pair and a suggested suitable Long plan, accompanied by risk management and price targets according to the levels:
1. Technical Analysis
1. Long-term trend
• $WOO has experienced a sharp decline since the beginning of 2024, followed by a consolidation phase (sideways) around the 0.06–0.09 USD range.
• Recently, the price has started to recover, forming higher lows – the first sign of a potential recovery trend.
2. Important support – resistance zones
• Strong support: ~0.065 USD (bottom of May–June 2025).
• Temporary resistance: 0.12–0.14 USD (peak in March 2025 and small peak in July 2025).
• Medium-term resistance: 0.25–0.30 USD (accumulation zone at the end of 2024).
3. Volume & momentum
• Trading volume shows signs of slight increase as the price breaks through 0.075–0.08 USD, supporting the continuation possibility.
• Daily RSI is moving from the oversold region and approaching the neutral threshold of 50; if it surpasses 55–60, it will be a signal for a strong upward trend.
4. Supporting indicators
• MA50 vs MA200 (not crossed up yet but narrowing – a golden cross may occur if the recovery trend is sustainable).
• MACD has started to show positive histogram and the MACD line crossing above Signal, supporting the medium-term upward trend.
🚀🚀 IMPLEMENTATION DETAILS
1. Entry 1
• Place a limit buy order of 25% of capital at 0.078 USDT.
• SL: 0.065 (below the old bottom).
• TP1: 0.12 → close 50% of the order, keep 50% with a trail-stop.
2. Entry 2
• After the price exceeds 0.12, place a limit at 0.098.
• SL: 0.085 (below the pullback zone).
• TP2: 0.18 → close 50%, keep 50% with a trail-stop.
This is a personal opinion, what about you
