🚀 $COW /USDT Technical Analysis: Bullish Momentum Unfolding!

$COW /USDT has surged with impressive momentum, currently trading at $1.0083 (+51.88% on the day). After a sharp rally from the $0.60 region, the price has now consolidated near the $1.00 psychological level. Let’s break down the current technical outlook with key levels and targets to watch.

📊 Technical Outlook

1. Resistance Levels:

Target 1: $1.05 – Immediate resistance where buyers are testing upper limits. A breakout above could signal further upside.

Target 2: $1.15 – A critical resistance level; surpassing this confirms strong bullish momentum.

Target 3: $1.25 – The extended target for aggressive upside traders, aligning with the breakout continuation trend.

2. Support Levels:

Support 1: $0.95 – The consolidation zone acting as immediate support.

Support 2: $0.90 – Key support to hold the bullish structure intact.

📈 Market Insights

Volume Surge: With 24h Vol (COW): 233.60M, there’s strong participation, validating the recent price move.

Trend Confirmation: After a parabolic rise, the market is consolidating, showing signs of continuation toward the next targets.

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🔍 Trading Strategy

Entry Zone: $0.98 - $1.00

Targets: $1.05 / $1.15 / $1.25

Stop Loss: Below $0.90

⚠️ Risk Management Tip

As the price remains near key psychological levels, watch for volume confirmation and breakout retests before entering positions. Stay cautious of pullbacks toward $0.95 support.

Trade smart, monitor key levels, and ride the trend with COW/USDT on Binance!

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