$COOKIE /USDT Trading Signal - Consolidation Zone or Breakout?
Current Price: $0.5908
$COOKIE /USDT is consolidating near EMA levels after rejecting from $0.6213. This creates opportunities for both breakout and retracement trades:
Short Entry:
Entry Range: $0.5900–$0.5800
Targets:
Target 1: $0.5730
Target 2: $0.5600
Target 3: $0.5250
Stop Loss: $0.6050
Long Entry:
Entry Range: $0.5900–$0.6000
Targets:
Target 1: $0.6100
Target 2: $0.6210
Target 3: $0.6470
Stop Loss: $0.5730
Observations:
EMA(7) and EMA(25) are aligned near $0.5953, acting as immediate resistance for upward moves.
Volume spikes near $0.6213 suggest it as a key breakout level for long targets.
A breakdown below $0.5800 might confirm bearish continuation to $0.5250.
💡 Watch for confirmed price action and manage your risk effectively!