$COW /USDT Technical Analysis
Current Price: $0.3891
24h Change: -8.68%
Momentum: Bearish (price showing downward pressure but nearing potential support zones)
Key Technical Indicators
1. Support Levels:
Primary Support: $0.3790 (24h Low)
Secondary Support: $0.3600 (Key historical level)
2. Resistance Levels:
Immediate Resistance: $0.4000 (psychological level)
Strong Resistance: $0.4250 (near recent highs)
3. Moving Averages:
Short-Term EMA (15): Trending below the price; indicates bearish momentum.
RSI: 38 (Oversold zone, potential for bounce-back)
Volume: Increasing sell volume suggests short-term bearishness.
Trade Signals
1. Long Trade (Aggressive)
Entry: $0.3800 (near current support level)
Targets:
🎯 Target 1: $0.4000
🎯 Target 2: $0.4250
🎯 Target 3: $0.4500
Stop-Loss: $0.3600 (tight risk management)
Momentum: Moderate recovery expected if volume aligns with buy orders.
2. Short Trade (Conservative)
Entry: $0.4000 (near immediate resistance)
Targets:
🎯 Target 1: $0.3850
🎯 Target 2: $0.3700
🎯 Target 3: $0.3500
Stop-Loss: $0.4200 (above strong resistance level)
Momentum: Favorable if bearish pressure sustains.
Trade Momentum
Short-Term: Bearish, but oversold RSI hints at a potential reversal or consolidation near support zones.
Mid-Term: Neutral, dependent on breakouts above $0.4000 or below $0.3790.