🚨$COS / USDT: A Bearish Pullback🚨

Current Situation:

* $COS / USDT is currently trading at $0.011319, down 7.78% in the last 24 hours.

* The cryptocurrency has experienced a significant decline, breaking below several key support levels.

Key Observations:

* Downward Trend: The overall trend for COS/USDT is bearish at the moment. The price has been consistently making lower highs and lower lows, indicating strong selling pressure.

* Weak Momentum: The 24-hour trading volume is at 5.39B COS, indicating waning interest from traders.

* Support Levels: The price has broken below the crucial support level of $0.011531 and is currently testing the next support level at $0.010886.

* Resistance Levels: The immediate resistance level is at $0.011531. A break above this level could signal a potential reversal.

Trading Strategy:

* Short-Term Traders: Short-term traders could consider taking a short position on COS/USDT, targeting the $0.010886 support level. However, it's important to use stop-loss orders to manage risk.

* Long-Term Investors: Long-term investors might want to wait for a clearer trend reversal before considering buying COS/USDT.

Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.