BYBIT:WOOUSDT.P   WOOUSDT Perpetual Contract
At the beginning of January this year, with the rise of BTC, many currencies also rose, and WOO was no exception.
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It can be seen from the 1D chart that WOO has broken through the pressure trend line starting from the high point of 0.2747. After breaking through the previous high of 0.1975, it came to 0.2281, and the trend turned to higher high and higher low.
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Fibonacci retracement with the high point of 0.2281 and the low point of 0.1016, WOO steps back at 0.1649~0.1798, and the first target is 0.2914~0.3063.
It should be noted that 0.2764 (1.382) overlaps with the previous high of 0.2747. The previous high point usually has a resistance effect, and WOO may consolidate here for a period of time before going out.
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WOO target price:
0.2764
0.2914~0.3063
0.3546
0.4103
0.4382
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