Bull Market or Bear Market?

COW surged and then fell back, signals behind the adjustment!

Quick guide to short-term trading!

Market Analysis

COW has recently experienced a significant rise and is currently in a high-level adjustment phase. From the chart, the bullish momentum has weakened, and there is a risk of further short-term pullback, but the overall trend still leans towards bullish, so pay attention to the key support levels.

Support and Resistance Levels

• Support Levels: $0.89, $0.85, $0.80

• Resistance Levels: $0.94, $0.98, $1.05

Short-term Trading Strategy

1. Long Strategy

• Entry Point: $0.89

• Add Position Point: $0.85

• Stop Loss Point: Slightly below $0.80

• Take Profit Targets: First target $0.94, Second target $0.98, Third target $1.05

2. Short Strategy

• Entry Point: $0.94

• Add Position Point: $0.98

• Stop Loss Point: Slightly above $1.05

• Take Profit Targets: First target $0.89, Second target $0.85, Third target $0.80

My Prediction

In the short term, COW may consolidate within the current range. It is recommended to pay attention to the stability of the support levels and lean towards a buying strategy on dips.

【Daily analysis of mainstream and altcoins will be shared with you brothers, and you can click on the trading pair tags in the article to trade. Wishing my brothers and sisters a bountiful profit!】$COW