$COS

COS/USDT Technical Analysis – Key Levels and Trade Strategy

Current Price: 0.007721 USDT

COS (COST Token) is currently trading at 0.007721 USDT, and we are seeing it approach a strong support level at 0.00760. This level has held up as a crucial point in recent price action, offering a potential bounce for bullish traders.

For a bullish outlook, if COS maintains support above 0.00760, look for a potential rise towards the next resistance zone around 0.00785. A breakout above 0.00785 could push the price higher toward 0.00800, with further potential gains. Entering around 0.00770, with a stop loss just below 0.00760, could present a solid long trade opportunity.

Alternatively, if COS breaks below the 0.00760 support, the next potential support is at 0.00745, followed by 0.00720. In this scenario, bearish traders should watch for short opportunities, especially if the price fails to reclaim the support level.

Be sure to monitor the volume and price action for confirmation, as these levels are critical in determining the next directional move. Stay vigilant, as COS is at a key juncture in its price action!

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