$COW I will analyze the COW/USDT chart and give the scenarios:

Current technical analysis:

1. Current situation:

- Price is at 1.0240 (-8.47%)

- Sharp decline from the peak of 1.23 (down about 17%)

- MA20 (1.0635) > current price, indicating a short-term downtrend

- MACD shows negative divergence signal (DIF: 0.0540 < DEA: 0.0737)

- Large inflow in 5 days is negative (-5.43M)

- Selling pressure from large and medium orders is very strong

2. Possible scenarios:

Scenario 1 (Probability 60%): Continue to decline

- Target: 0.95-0.98

- Signs:

- Strong selling pressure from large orders (396,262.60)

- Continuous negative cash flow

- Strong increase in selling volume

- Deep decrease in OBV

Scenario 2 (40% probability): Technical recovery

- Possible price range: 1.08-1.10

- Signs:

- RSI is in oversold zone

- Price has fallen sharply from peak

- Trading volume shows signs of stabilization

Trading recommendations:

1. For current positions:

- If you are losing heavily: Cut losses to preserve capital

- If you are losing slightly: You can hold and wait for a recovery to exit

2. For new positions:

- Do not open a new buy position immediately

- Wait for the price to stabilize for at least 24-48 hours

- You can place a buy order in the 0.95-0.98 range with small volume

3. Risk management:

- Do not bottom-fish during this period

- Use only 2-3% of capital for each order

- Set stop loss tight below 0.95

4. Further monitoring:

- Trading volume developments

- Large cash flow changes

- Movements of MA and MACD lines

Note: This is a period of strong fluctuations with large selling pressure, investors need to be especially cautious and prioritize capital preservation. Should combine with general market analysis to make appropriate decisions.