🔥 $WOO Trading Setup (4H Timeframe) – Bulls Are Accumulating Again
Entry Zone: 0.02640 – 0.02660
Stop Loss: 0.02550
Take Profit Targets:
TP1: 0.02920 – Retest of the previous high
TP2: 0.03150 – Daily timeframe resistance
TP3: 0.03650 – Weekly timeframe resistance
Pair: WOOUSDT (Perpetual)
Current Price: 0.02656 (+0.22%)
🎯 Strategy Name: Riding on the Back of the Shark
🧐 Market Structure Overview:
WOO has successfully bounced from the 0.02156 bottom and previously pushed to a high at 0.02924. The price is now in a healthy pullback, forming higher lows—classic recovery behavior following an extended downtrend.
📈 Moving Averages Insight:
EMA 17 (green) and EMA 55 (red) are both sloping upward and beginning to converge.
Current price (~0.02659) is holding just above the EMA “buffer zone,” a key dynamic support area in price action analysis.
As long as this zone holds, the bullish structure remains intact.
🕯️ Candlestick & Volume Analysis:
Recent corrective candles show smaller bodies and declining volume compared to the strong bullish candle that preceded them. This suggests selling pressure is weakening and the move is likely a consolidation phase, allowing buyers to accumulate before the next push higher.
