💎 WOO has undeniably piqued our curiosity. Successfully breaking out of the primary descending channel pattern, WOO is now in its retesting phase. Observing its recent activity, WOO has shown bullish tendencies in the demand zone, suggesting it might be gearing up for further upward progression, potentially challenging the supply zone.
💎 Historically, WOO has frequently interacted with a robust support level, consistently preventing further declines. In its most recent interaction, WOO exhibited a notable bounce from this potent demand zone, culminating in its breakout from the descending channel.
💎 However, should WOO falter and not maintain its position above the demand zone, it might revert to the strong support level. A definitive bearish sign would be if WOO breaches this support and closes below it on the daily chart.
💎 Historically, WOO has frequently interacted with a robust support level, consistently preventing further declines. In its most recent interaction, WOO exhibited a notable bounce from this potent demand zone, culminating in its breakout from the descending channel.
💎 However, should WOO falter and not maintain its position above the demand zone, it might revert to the strong support level. A definitive bearish sign would be if WOO breaches this support and closes below it on the daily chart.
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