$COW /USDT Technical Analysis
Current Price: $0.7372 (-8.49%)
24H Range: $0.7171 - $0.8332
Volume: 26.67M COW
Key Insights:
$COW /USDT has declined sharply but is showing signs of stabilization near the $0.7200 support level.
Short-term consolidation indicates a possible recovery if the price breaks above $0.7500 resistance.
🎯 Targets:
1. Target 1: $0.7600
Rationale: Immediate resistance zone that could be tested if momentum builds.
Action: Consider partial profit-taking at this level.
2. Target 2: $0.8000
Rationale: Psychological level and a strong resistance zone from previous price action.
Action: Hold positions if price sustains above $0.7600.
3. Target 3: $0.8300
Rationale: 24H high and major breakout zone. A move above this could indicate a bullish reversal.
Action: Full profit-taking advised.
🔑 Strategy:
Stop Loss: Place below $0.7200 to minimize risk.
Indicators to Watch: Monitor RSI for oversold conditions and volume for signs of accumulation.