$COW
1. Current technical analysis:
- Current price: $0.8764
- RSI: 50 (neutral)
- Current trading volume is much lower than average (only 1.1% of average volume)
2. Trend assessment and scenarios for the next 4-24 hours:
Scenario 1 (Probability 60%):
- Price sideways in the range $0.85-0.90
- Confirmation signs: Trading volume continues to be low, RSI fluctuates around 50
- Target: ±2-3%
Scenario 2 (Probability 40%):
- Breakout down to the range $0.83-0.85
- Confirmation signs: Sudden increase in volume with strong red candle
- Target: -5%
3. Trading recommendations:
- NOT RECOMMENDED TO LONG/SHORT at the moment because:
+ Neutral RSI
+ Trading volume too low
+ No clear trend yet
4. Potential entry points:
- Long: Wait for price to test the $0.85 area with increased volume and RSI > 60
- Short: When price breaks the $0.85 area with high volume and RSI < 40
5. Risk management:
- Stop loss: 2-3% from entry point
- Take profit: According to scenario targets
- It is advisable to wait for confirmation signals regarding trading volume before entering a trade
Important notes:
1. This analysis is based on technical data and does not include fundamental factors
2. The market can change quickly, so monitor confirmation signals before entering a trade
3. Always adhere to capital and risk management when trading
Do you need more detailed information about any part of the analysis?