$COS
COSUSDT Perpetual Contract Analysis
I’m currently bearish on COSUSDT due to the following key factors:
1. Consolidation Breakdown:
The price has been stuck in a consolidation range for a while and recently broke below the support zone, indicating further potential downside.
2. Resistance Levels:
The price is struggling to break through resistance at 0.010514 and 0.010232, showing weakness.
3. Target Levels:
Based on this breakdown, I’ve identified a target at 0.009216. If the bearish momentum continues, this level could be the next stop.
Given these conditions, I believe the price could continue to drop further unless it reclaims the key resistance zones.
This should make for an informative post that aligns with your bearish outlook.
