$COW /USDT - Bearish Momentum Alert! 🚨🔥

Current Price: $0.9341 (-6.65%) | 24H High: $1.0321 | 24H Low: $0.9288 | 24H Volume: 39.36M USDT

Key Levels to Watch

Resistance Zones:

$1.0000 – Immediate resistance, a break above could trigger a short-term recovery.

$1.0500 – Stronger resistance, crucial for a bullish continuation.

Support Levels:

$0.9200 – First major support, price action near this level could lead to a bounce.

$0.9000 – Strong support, a breakdown below this could indicate further downside.

Trading Strategy

Ideal Entry: $0.9300–$0.9400 (for a potential short-term rebound)

Targets:

Short-Term: $0.9500

Mid-Term: $1.0000

Long-Term: $1.0500

Stop Loss: $0.9000 (to manage downside risk)

Market Sentiment

Bearish Indicators:

Price action has pulled back sharply from highs.

Currently in a corrective phase with bearish momentum.

Bullish Setup:

Watch for a bounce at $0.9200, if volume confirms a reversal.

Pro Tip:

Monitor for signs of accumulation at support levels before considering entry for a long position. Be cautious with volatility around resistance zones.

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