COW: After a strong pullback, are opportunities emerging or are risks hidden?

Market Analysis

COW has recently experienced significant volatility, with a noticeable pullback following a sharp increase in price. Currently, market sentiment is leaning towards caution, and the short-term trend is primarily consolidating.

Support and Resistance Levels

• Support Levels: $0.66, $0.62, $0.58

• Resistance Levels: $0.72, $0.76, $0.80

Short-Term Trading Strategy

Long Strategy (Bullish):

• Entry Point: $0.67

• Add Position Point: $0.63

• Stop Loss Point: $0.57

• Take Profit Targets: $0.72, $0.76, $0.80

Short Strategy (Bearish):

• Entry Point: $0.72

• Add Position Point: $0.76

• Stop Loss Point: $0.81

• Take Profit Targets: $0.67, $0.63, $0.62

$COW

My Prediction

Although the current price has pulled back, the upward trend has not been completely disrupted. It may test the resistance levels again in the short term, leaning towards bullish operations. Be mindful of capital management and market risks.

Every day, I will share analyses of mainstream coins and altcoins with the brothers. You can click on the coin pair tags in the article for trading. Wishing brothers and sisters a bountiful profit!