Seize the opportunity now: $COW coin is approaching the big launch!
1. Support and resistance points:
Resistance points:
First resistance at 0.8563: 24-hour high.
Second resistance at 1.0440: Highest point on the chart.
Support points:
First support at 0.7171: 24-hour low.
Second support at 0.5755: One of the reversal levels on the chart.
2. Technical indicators:
RSI:
It appears at 59.13, indicating that the market is close to the overbought area but has not reached it yet.
MACD:
A small positive crossover is showing, indicating that the bullish momentum may continue.
3. Liquidity Analysis:
The liquidity flow shows that the percentage of buying (green) is greater than selling, which supports the short-term upward trend.
4. Recommendation:
If the price exceeds the resistance level at 0.8563, it may head to test higher levels at 1.0440.
In case of breaking the support at 0.7171, the price may return to the levels of 0.5755.
Don't forget to set a stop loss at 0.7750