$COW
1. Technical analysis:
Latest 1h frame:
- Price is in a short-term uptrend, rising from 0.86 to 0.88
- RSI decreased from the 75 region down to 66, indicating that the upward momentum is weakening
- MACD is turning downward, signaling bearish divergence
- Trading volume is average, with no signs of a spike
4h frame:
- Price is in a sideways channel of 0.86-0.89
- EMA 20 is flat, showing no clear trend
- OBV is flat indicating balanced selling and buying pressure
2. Scenario in the next 4-24 hours:
Scenario 1 (60% chance):
- Price continues to move sideways in the 0.86-0.89 range
- Confirmation signs: RSI maintains 40-60, stable volume
- Target: Long 0.86, Short 0.89
Scenario 2 (40% chance):
- Breakdown below 0.86, testing 0.84
- Signs: MACD crosses down, RSI below 40
- Target: Short 0.86, TP 0.84
3. Trading recommendations:
- Should not open a position at this time as it is in the middle of the sideways range
- Can wait for the price to test back to 0.86 to see the reaction
- Stop loss below 0.85 if opening long
- When RSI reaches the 30 zone, there will be a better buying opportunity
4. Potential entry points:
Long:
- Zone 0.86 with SL 0.85, TP 0.89
- RSI at 30-40
- MACD begins to diverge positively
Short:
- Zone 0.89 with SL 0.90, TP 0.86
- RSI above 70
- Volume decreases as price increases
Conclusion: The market is in a sideways accumulation phase. It is advisable to wait for the price to reach clear support/resistance zones and confirm the trend before participating.