Is the breakthrough signal for COW coming?

Hidden secrets behind the high-level pullback, opportunity or risk?

Analyzing the trend of Bull Coin to discover potential opportunities!

Market Analysis

COW has recently shown strong performance, continuously breaking through multiple important levels, but current high-level pullback pressure is evident, and market sentiment is becoming cautious. In the short term, whether the pullback stabilizes will be key, and a new round of volatility opportunities may follow.

Support and Resistance

• Support Levels: 1.040, 1.000, 0.950

• Resistance Levels: 1.090, 1.130, 1.180

Short-term Trading Strategy

1. Long Position Plan

• Entry: 1.050

• Add Position: 1.020

• Stop Loss: 0.940

• Take Profit: 1.090, 1.130, 1.180

2. Short Position Plan

• Entry: 1.090

• Add Position: 1.120

• Stop Loss: 1.190

• Take Profit: 1.060, 1.030, 1.000

$COW

My Prediction

I am more inclined to go long. Although the pullback is evident, the overall trend is still in an upward channel, and after adjusting to the support area, it is expected to attack again.

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