$COW
/USDT Technical Analysis
Momentum: Bullish
Recent price surge (+30.76%) with high trading volume suggests strong buying pressure.
Price trending near resistance levels at $0.8897.
Key Indicators:
1. Relative Strength Index (RSI): Likely in overbought territory (>70), indicating potential profit-booking but strong momentum.
2. Moving Averages (MA): Price likely above the 20 EMA and 50 EMA, signaling an uptrend.
3. Support Levels: $0.7910 and $0.6767 (good for re-entry).
Trade Signal:
Buy on breakout above $0.8897, or near strong support at $0.7910.
Targets 🎯
1. Target 1: $0.9500
2. Target 2: $1.0500
3. Target 3: $1.2000
Stop-Loss:
Place a stop-loss below $0.7900 to minimize downside risk.
Strategy:
Short-term traders: Take partial profits at Target 1 and re-evaluate.
Swing traders: Hold for Targets 2 & 3 as long as volume remains high and RSI supports bullish momentum.
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