$COW Short Liquidation Alert
A notable COW short liquidation of $1,391.9 has been triggered at the pivotal price level of $0.7227, signaling a powerful move by the bulls as they force short sellers out of their positions.
Key Details:
Price Action: The breakout above $0.7227 highlights increasing buyer strength, pushing through a key resistance zone and intensifying bullish momentum.
Market Sentiment: This liquidation suggests growing confidence among buyers, with potential for further upward pressure if the momentum holds.
$COW Next Move:
For Longs: Consider entering if the price stays above $0.7227.
A strong break above $0.73 could signal further gains.
For Shorts: Stay cautious unless there is a clear rejection at $0.73 or higher resistance zones.
Stop Loss & Targets:
Stop Loss:
For longs: Below $0.715 to minimize risk.
For shorts: Above $0.735 to protect against further bullish momentum.
Targets:
First target: $0.735 (minor resistance).
Second target: $0.750 (major resistance level).
With bulls in control, the price may continue its upward trajectory if $0.7227 holds.
$COW Monitor closely for any reversals or consolidation near key levels to refine your strategy.
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