🚨 COW/USDT TRADING ALERT ON THE 15-MIN CHART 🚨
Overview: COW/USDT has shown significant recent volatility, with a notable decline from a high of 0.4875 down to a low of 0.4076. Currently, the price has rebounded slightly to 0.4484, indicating a possible recovery or stabilization phase. The market seems to be gathering momentum, signaling a potential shift towards either a continued upward move or another pullback.
Current Price: 0.4484
Entry Price for Trades:
Long Entry: 0.4500 (confirmation above current level)
Short Entry: 0.4400 (potential dip below support)
💡 Key Levels:
Resistance Level: 0.4622 – Watch for a breakout above this level for a bullish continuation.
Support Level: 0.4329 – A crucial support zone; if breached, further declines could follow.
Strong Support Level: 0.4076 – The recent low and a major support line; holding here is essential for bullish sentiment.
📈 Take-Profit Targets:
1. Target 1: 0.4580
2. Target 2: 0.4700
3. Target 3: 0.4875 (recent high level)
🔻 Stop Loss Level: 0.4300 – To minimize potential losses if the trade goes against expectations.
⚠️ Caution: Traders should be on alert for potential false breakouts and sudden swings in momentum. Monitor volume and candlestick patterns to confirm direction and stability before committing to positions.
