Drop to 0.7

$COW
TECHNICAL ANALYSIS:
1. Current trend:
- Price is in a short-term uptrend from $0.66 to $0.87
- RSI on the 30m timeframe is at 57, indicating that upward momentum is still maintained
- MACD is showing negative divergence on the 1h timeframe, warning of possible correction
2. Important support/resistance levels:
- Resistance: $0.88-0.90
- Support: $0.85-0.86 and $0.82-0.83
3. Volume:
- Trading volume is gradually decreasing in the uptrend
- Buy/sell ratio is quite balanced, with no strong selling pressure
TRADING SCENARIO FOR THE NEXT 4-24H:
Scenario 1 (60% probability):
- Price corrects to test the $0.85-0.86 area
- Confirmation signs: RSI drops to 40-45, volume increases when approaching the support area
- Target: $0.82-0.83 if support is not held
Scenario 2 (40% probability):
- Continues to rise to test the $0.88-0.90 area
- Confirmation signs: Breakout with strong volume increase
- Target: $0.92-0.95 if resistance is broken
RECOMMENDATIONS:
- Should not enter at this moment due to:
1. RSI showing signs of short-term overbought
2. MACD showing negative divergence
3. Volume is gradually weakening in the uptrend
- Wait for correction to the $0.85-0.86 area to see price and volume reaction
VOLATILITY ASSESSMENT +-5%:
- Probability of +5% volatility (up to $0.92): 30% in the next 24h
- Probability of -5% volatility (down to $0.83): 50% in the next 24h
- Catalysts that could create strong volatility: crypto market news, Bitcoin fluctuations
Need to monitor price reactions at important support/resistance levels to make appropriate entry decisions.