$COW
/USDT Technical Analysis and Trade Signal
Current Price: $0.7581
Trend: Bullish (3.66% increase in the last 24 hours)
Support Level:
$0.6838 (24h Low)
Resistance Levels:
$0.7601 (24h High)
$0.7633 (Current higher resistance)
Trade Signal:
Bullish Momentum: The price has been pushing higher with increasing volume. A potential upward move towards resistance levels indicates strong buying interest.
Trade Strategy:
1. Buy Entry: Around $0.7581 (current price)
2. Target Levels:
Target 1: $0.7633 (Next immediate resistance)
Target 2: $0.7800 (Next potential resistance zone)
Target 3: $0.8000 (Psychological round number target)
3. Stop Loss: Set a stop loss just below $0.7350 (recent support level), to protect against reversals.
Momentum:
Positive momentum, with price moving towards resistance levels. Monitor volume closely to confirm the strength of the upward trend.
If the price retraces below $0.7350, consider re-evaluating the bullish outlook.