I'm gonna share my prediction about $COW as we can see that COW at a Turning Point Bullish Breakout or Bearish Breakdown?
$COW is trading at 0.961, consolidating after a recent pullback. With critical levels in sight, traders should prepare for potential sharp moves.
Bullish Signals:
1. Resistance at 0.997: A breakout could propel $COW toward 1.00 and 1.02.
2. MACD Reversal Potential: Watch for bullish crossover indications.
3. Support Holding Strong at 0.944: Maintaining this level could spark upward momentum.
Bearish Signals:
1. Break Below 0.944: A downside move could test 0.920 or even 0.900
2. Neutral RSI (46.87): Suggesting limited buying interest currently.
3. Weak Volume: Lack of strong buying activity indicates bearish pressure.
Actionable Insights:
Bullish Entry: Above 0.997, targeting $1.00 and 1.02 with a stop-loss at 0.960
Bearish Entry: Below 0.944, targeting 0.920 and 0.900 with a stop-loss at 0.970