$COW /USDT Technical Analysis
Current Price: $0.7303 (-8.16%)
24H Range: $0.7171 - $0.8332
Volume: 27.12M COW
Key Insights:
$COW /USDT is stabilizing near the $0.7300 level after a steep decline.
Immediate support lies at $0.7200, while a breakout above $0.7500 could trigger upward momentum.
🎯 Targets:
1. Target 1: $0.7500
Rationale: Immediate resistance level; achievable with minor bullish recovery.
Action: Secure partial profits at this level.
2. Target 2: $0.7800
Rationale: Key mid-term resistance, aligning with a stronger recovery trend.
Action: Hold positions above $0.7500 for additional gains.
3. Target 3: $0.8000
Rationale: Significant breakout level with potential for further bullish continuation.
Action: Full profit-taking is advised here.
🔑 Strategy:
Stop Loss: Place below $0.7200 to minimize downside risk.
Indicators to Watch: Monitor RSI for oversold conditions and increased volume for signs of a reversal.