why this much of leverage man?

$COW

/USDT: Strong Dip Move 💯 Watch For Potential Opportunity 💥💫🔥

Key Data:

Current Price: 0.8169

24h High: 0.9246

24h Low: 0.8122

24h Volume (COW): 18.02M

24h Volume (USDT): 15.71M

Price Change (24h): -11.14%

Recent 15m Move: -0.0045 (-0.55%)

Trade Plan:

Entry Zone:

Buy near: 0.8122–0.8169, near the recent low and support zone.

Targets:
🎯 T1: 0.8400 – Short-term resistance level.
🎯 T2: 0.8600 – Mid-range resistance.
🎯 T3: 0.8900 – Test near the 24h high for breakout potential.

Stop-Loss:

Set at: 0.8000, below the recent low to limit risk.

Trend Analysis:

Downtrend: The price has fallen 11.14% in the last 24 hours, testing support near 0.8122.

RSI: Price may be oversold, suggesting potential for a bounce back.

Volume: Moderate volume indicates possible consolidation or recovery.

Strategy:

Enter long near 0.8122–0.8169 as price tests support.

Take profits at T1 and T2, with a further upside target at T3 if the price breaks above resistance.

Adjust stop-loss to break-even as the price moves higher.

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