🚀 $COS /USDT: BEARISH BREAKDOWN OR BOUNCE BACK? 📉💥

The COS/USDT pair is currently trading at $0.011871, showing a significant decline of -7.77% over the last 24 hours. The 24-hour high and low are $0.013089 and $0.011446, respectively. The trading volume for COS is 521.64M, while for USDT, it is 6.44M.

📊 Trade Scenarios:

1. Bullish Scenario 🐂

- Entry Point: $0.012200

- Take Profit (TP): $0.012800

- Stop Loss (SL): $0.011600

- Analysis: If the price manages to bounce back from the current level, it could retest the resistance zone around $0.012600 - $0.012800.

2. Bearish Scenario 🐻

- Entry Point: $0.011800

- Take Profit (TP): $0.011600

- Stop Loss (SL): $0.012200

- Analysis: If the bearish momentum continues, the price could further decline towards the next support level at $0.011600.

🔍 Market Outlook

The market sentiment appears to be bearish in the short term. However, a bounce back from the current level could lead to a potential recovery. Traders should keep an eye on key support and resistance levels for potential trading opportunities.

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