🚨 $COW /USDT ALERT: Watch for a Potential Breakout! 🚨
$COW /USDT is currently trading at $0.4121, reflecting a significant decline of 12.45%. The chart shows a consolidation phase after a steep drop, with a potential for a reversal or further downside.
Key Levels to Monitor:
Resistance Level 1: $0.4200 – A breakout above this level could signal the start of a recovery, targeting higher resistances.
Resistance Level 2: $0.4400 – Sustained movement above this point may trigger a push toward $0.4800.
Support Level: $0.4000 – A drop below this level could lead to further declines, possibly testing $0.3600.
Trade Plan:
Long Entry: Above $0.4200 with targets at $0.4400, $0.4600, and $0.4800.
Short Entry: Below $0.4000, targeting $0.3800, $0.3600, and $0.3400.
⚠️ Note: Tight risk management is essential as market volatility remains high. Confirm breakouts or breakdowns before entering trades.
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