Is it a soaring success or just a fleeting moment? A comprehensive analysis of COW's recent trends!

Market Analysis

COW has recently experienced a strong rebound, but after retreating from high levels, it has entered a period of consolidation. Currently, the price is hovering within an important support range, and trading volume is gradually shrinking, leading to a market sentiment that is more cautious. However, technical indicators suggest that the bulls still have some momentum, and a directional choice may be on the horizon.

Support and Resistance Levels

• Support Levels: 0.88, 0.84, 0.76

• Resistance Levels: 0.95, 1.00, 1.12

Short-term Trading Strategy

Long Position Strategy:

• Entry Point: 0.89

• Add Position Point: 0.85

• Stop Loss Point: 0.75

• Take Profit Targets: 0.95, 1.00, 1.12

Short Position Strategy:

• Entry Point: 0.95

• Add Position Point: 1.00

• Stop Loss Point: 1.13

• Take Profit Targets: 0.89, 0.85, 0.76

$COW

Personal Prediction

If COW can stabilize around the 0.88 support level, it is expected to gradually test the 0.95 resistance area, with a chance to break through and further challenge the 1.00-1.12 range. It is recommended to closely monitor trading volume to capture potential breakout signals.

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