$COW/USDT Technical Analysis
The $COW/USDT pair demonstrated strong bullish momentum, closing at 0.9976, a 52.28% gain in 24 hours. The price peaked at 1.0404 before slightly retreating. Strong green candles reflect buyer dominance, signaling continued bullish control.
Entry Recommendations:
1. Long Position (Trend-Following)
Entry Zone: 0.9500–0.9800 (Buy on pullbacks for a safer entry).
Target: 1.0500 (previous high), extendable to 1.1000 if momentum sustains.
Stop Loss: 0.9200 (to manage downside risk).
2. Short Position (Riskier)
Entry Zone: 1.0200–1.0400 (near resistance if price struggles to break higher).
Target: 0.9000 (nearest strong support).
Stop Loss: 1.0600 (to minimize losses in case of breakout).
Technical View:
The sharp breakout indicates strong momentum; however, retracement is likely after such a move.
RSI (likely overbought) suggests a potential short-term correction.
Strategy: Wait for confirmation—a pullback for longs or resistance rejection for shorts—before entering a position.
Risk Management:
Exercise caution and adhere to proper risk management. For longs, align with the uptrend; for shorts, confirm resistance rejection.
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