From bull to bear: Investment opportunities hidden behind COW's turbulent market
Market analysis:
COW has recently shown a high-level correction trend, and the forces of both long and short sides are gradually balanced. In the short term, the price may continue to be adjusted. The overall market sentiment is slightly cautious, and investors should remain on the sidelines.
Key points:
• Support level: 0.85, 0.80, 0.75
• Resistance level: 0.92, 0.97, 1.03
Short-term trading strategy:
Buy strategy:
• Opening point: 0.88
• Adding position: 0.85
• Stop loss point: 0.74
• Take profit target: First target 0.92, second target 0.97, third target 1.03
Short strategy:
• Opening point: 0.92
• Adding position: 0.97
• Stop loss point: 1.04
• Take profit target: First target 0.85, second target 0.80, third target 0.75
Personal prediction:
COW is more likely to be bearish in the short term, and may test the 0.85 support level. It is recommended to mainly short and pay close attention to price rebound signals.
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