👋 Welcome to the TradeCityPro channel! Let’s take a detailed look at the WOOUSDT coin triggers, even on this relaxed Friday! 😊
🌍 Bitcoin's Market Overview
Before diving into WOO, as always, let’s check Bitcoin Yesterday's analysis: After breaking 96610, a long position was suggested.
Additionally, if Bitcoin dominance decreases, it could confirm favorable setups for altcoins. However, Bitcoin remained range-bound, moving in sync with the overall market.
📊 Weekly Timeframe
WOO is one of those coins that hasn’t made any significant moves yet, but the buy trigger has been activated.
After breaking 0.2228, a mid-term buy was possible, and there’s still a logical opportunity to buy at market price with a stop loss at 0.1308, supported by increased volume and RSI entering the overbought zone.
If you missed this trigger, you can wait and join this coin upon breaking 0.3369.
📈 Daily Timeframe
We’ve seen a relatively strong move, but the price has hit a significant daily resistance at 0.275
where it has been ranging for several days. After breaking this resistance, further upward movement could begin.
Additionally, RSI is nearing the overbought zone. For a risky buy in the daily time frame, consider entering after breaking this resistance, with a risky stop loss at 0.2129 or a safer stop loss at 0.1550.
⏱ 4-Hour Timeframe
The price shows compression, forming something resembling a triangle, with higher lows being created consistently. This increases the probability of breaking the 4-hour resistance at 0.2779, which could serve as a solid trigger for a futures trade.
📈 Long Position Trigger The trigger is clear after breaking 0.2779, aim to open a long position with a safe stop loss, such as 0.2340.
📉 Short Position Trigger The market currently lacks momentum for shorts. Even with a 20% drop driven by whales, short positions aren’t attractive now. It’s better to wait for stronger bearish momentum to enter with smaller stop losses.
💡 BTC Pair Insight
WOO has been bearish against Bitcoin in the long term but currently shows significant trend weakness and is ranging within its daily box. Compared to most altcoins, WOO demonstrates better strength relative to Bitcoin. If lower time frames confirm a breakout, an upward trend could begin.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.