$WOO Based on the 4-hour WOO we are seeing strong signs of a bullish reversal after a period of consolidation.
🎯 Key Price Action & Patterns
Double Bottom Reversal: WOO formed a clear Double Bottom pattern near the $0.0240 area. This is a classic bullish reversal signal, indicating that selling pressure has exhausted itself.
Volume Confirmation: The recent price surge from the second bottom is supported by a significant increase in trading volume, confirming the strength and validity of the upward move.
🔑 Indicators and Resistance Breakdown
Current Price: WOO is trading strongly at $0.02793.
RSI Check: The Relative Strength Index (RSI) is strong at 65.36. This indicates healthy bullish momentum without being overbought (above 70), suggesting there is still room for further upside movement.
New Support: The newly established immediate support level is around $0.02696.
Pay close attention to the $0.03010 level (Blue MA). If it breaks and holds, the next major resistance levels could be challenged! 🚀
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