I will analyze the technical indicators and trading data of $COS :
1. Time Frame Analysis:
1H:
- Price is in a strong downtrend, from 0.0151 to 0.0105 (-30%)
- Volume spikes during the price decline
- RSI is in the oversold region (30-35)
- MACD continues to signal bearish
- Bollinger Bands are expanding downward
4H:
- Clear downtrend
- No signs of a bottom formation yet
- Volume remains high
- Momentum indicators show that the downtrend is still strong
2. Scenarios in the next 4-24 hours:
Scenario 1 - Technical Recovery (probability 35%):
- Price recovers to the range of 0.0110-0.0115 (+5%)
- Signs:
+ RSI creates a positive divergence
+ Volume gradually decreases
+ Price touches the lower Bollinger Bands
Scenario 2 - Continued Decline (probability 65%):
- Price may test the area of 0.0100 (-5%)
- Signs:
+ Breakout of supports
+ Volume remains high
+ MACD continues to decline
3. Entry Recommendation:
- SHOULD NOT ENTER at this time because:
+ The downtrend is still strong
+ No clear signs of bottom formation
+ High risk
- Recommended entry point:
+ Wait for the price to form a bottom and confirm a trend reversal
+ May place a limit buy order in the range of 0.0100-0.0102 with a stop loss of -3%
+ Need confirmation volume and RSI to create divergence
4. Volatility Assessment +-5%:
- Probability of increase +5%: Low (35%) in the next 24 hours
- Probability of decrease -5%: High (65%) in the next 24 hours
- Key levels to pay attention to:
+ Support: 0.0100, 0.0095
+ Resistance: 0.0110, 0.0115
Conclusion: The current trend is still negative, do not enter at this time. Need to wait for clearer reversal confirmation signals.