🚀 Technical Analysis Update: $COW
/USDT 🔥
COW is showing impressive momentum with a 45.17% surge, currently trading at $0.9519. The 24-hour range has been $0.6278 - $1.0404, indicating strong intraday volatility – perfect for short-term trades.
Key Technical Levels:
Resistance (R1): $1.0404 (24h high)
Support (S1): $0.8249
Indicators:
MACD: Bullish crossover, signaling upward momentum.
RSI: Trending in the overbought zone, watch for pullbacks.
Bollinger Bands: Price testing upper band, suggesting potential breakout or consolidation ahead.
Short Trade Setup:
Entry Point: Around $0.9500 (current price zone).
Targets:
1. T1: $1.0200 – First resistance area for partial profit.
2. T2: $1.0500 – Breakout zone with potential continuation.
3. T3: $1.1200 – Extended target if bullish momentum persists.
Stop Loss: Below $0.8200 to manage risk.
💡 Remember, trade cautiously and always use proper risk management.