๐ $COW /USD: TESTING SUPPORT AND RESISTANCE โ WATCH FOR A BREAKOUT! โก
The $COW /USD pair is currently trading at $0.7651, consolidating near critical support and resistance levels. Traders should watch for a breakout or pullback as the market prepares for its next move.
๐ Trade Scenarios:
Entry Point: $0.7651
Take Profit (TP) 1: $0.7800
Take Profit (TP) 2: $0.7950
Take Profit (TP 3): $0.8100
Stop Loss (SL): $0.7450
Support is at $0.7450, while resistance lies at $0.7800. A breakout above $0.7800 could signal a bullish trend continuation, targeting $0.7950 and $0.8100. However, a drop below $0.7450 may indicate a bearish retracement.
๐ Market Outlook:
COW is testing the $0.7800 resistance. If the price breaks through this level, expect continued upside momentum. A failure to break above could result in a pullback toward $0.7450 support.
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