technical analysis and trade signal for $COW
/USDT:
Technical Analysis:
Current Price: 0.7558 USDT
24h High/Low: 0.7871 USDT / 0.6838 USDT
Trend: Bullish, with a +4.29% increase over the last 24 hours.
Momentum: Strong upside momentum supported by volume. Indicators (RSI & MACD) are in bullish territory, indicating potential continuation of the trend.
Trade Signal:
Buy Setup: Enter at 0.7558 USDT
Stop Loss: 0.7350 USDT to minimize downside risk
Target Levels (🎯):
1. 🎯 Target 1: 0.7800 USDT (Immediate resistance).
2. 🎯 Target 2: 0.7900 USDT (Breakout level for further gains).
3. 🎯 Target 3: 0.8200 USDT (Long-term potential, psychological resistance).
Trade Momentum:
Bullish trend is intact; expect continued upward momentum as long as the price holds above 0.7350 USDT.
Keep an eye on 0.7871 USDT, a key resistance level. A breakout above could lead to further bullish movement.