The $COW/USDT market has confirmed a breakout above the consolidation zone (marked in purple) near the $0.85 level, suggesting strong bullish momentum. With a 12.20% gain in the last 24 hours, the trend looks poised for further upward movement.
Entry Strategy:
Suggested Entry: Between $0.89 - $0.91 (current levels)
Targets:
Target 1: $0.92
Target 2: $0.95
Target 3: $1.00 (psychological resistance)
Stop Loss:
Place the stop loss slightly below the support at $0.85 to manage risk effectively.
The 30-minute chart shows consistent buying pressure, and the breakout is supported by volume spikes, indicating strong buyer participation. Keep a close eye on the trend and adjust targets as momentum progresses.
Always trade responsibly and implement proper risk management!