#COW WITH A 20.34% PROFIT AFTER OUR SHORT ENTRY (6.5K PROFIT WITH PARTIAL TAKINGS)
We have been observing COW on how the price action for it would impact the decision making of traders. As the buying pressure for COW became weaker after hitting a strong resistance at 0.7672. There were several hunts for a good short entry. Thus, we have acquired one of the best positions for our short trade. One of the most effective methods would be to continue waiting for the price to pullback at the resistance zones. Quadruple resistance points have been formed after the price range of 0.5381-0.7730 has been the area of consolidation. Implementing these tactics will provide a surefire way to attaining success in determining short entries eventually leading to more profits taken.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
