$COS

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $0.012918

Momentum: Mild Bearish

Technical Indicators Overview

1. Bollinger Bands (20, 2):

Upper Band: $0.013384 (Resistance)

Middle Band: $0.013122 (Immediate Resistance)

Lower Band: $0.012861 (Support)

The price is near the Lower Band, indicating potential support but under bearish pressure.

2. Parabolic SAR (0.02, 0.2):

SAR at $0.013096 suggests a short-term downtrend, requiring a close above this level to confirm reversal.

3. Volume:

High trading volume (1.31B COS) indicates significant market activity, supporting potential price movement.

Trade Signal: Short-Term Recovery or Range Trading

Entry Point:

Buy: If price sustains above $0.012900 and breaks above $0.013100 (SAR level).

Sell: Below $0.012861 (Lower Bollinger Band) if support fails.

Targets (🎯):

1. 🎯 Target 1: $0.013122 (Middle Bollinger Band – Immediate Resistance)

2. 🎯 Target 2: $0.013384 (Upper Bollinger Band – Key Resistance)

3. 🎯 Target 3: $0.014000 (Psychological Resistance Level)

Stop-Loss:

Set at $0.012700 to manage downside risk.

Trade Momentum:

Bearish to Neutral: Current pressure suggests consolidation. A breakout above $0.013100 will likely shift momentum to bullish.

Breakout Watch: Sustained volume and movement above $0.013384 could trigger bullish momentum toward $0.014000.

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