technical analysis and trade signals for $COS /USDT with three target levels and trade momentum:
Technical Analysis:
Current Price: 0.013110 USDT
24h Low: 0.012060
24h High: 0.013110
Support Zone: 0.012060 (strong support), below which we might see further downward movement.
Resistance Zone: 0.013110 (strong resistance), if broken, we could see upward momentum.
Key Indicators:
RSI (Relative Strength Index): The RSI is at a lower level, indicating that the asset is oversold and might be due for a short-term rebound. Watch for a crossing above 30 for a buy signal.
MACD: The MACD is showing a bearish crossover, suggesting that the trend is downward in the short term.
Moving Averages (MA): The short-term MA is below the long-term MA, which is a bearish signal.
Trade Signal & Targets:
1. Short-Term Bearish Scenario:
Entry: Enter at 0.012060 if price breaks below this support level.
Target 1: 0.011500 (First target for a downtrend)
Target 2: 0.010800 (Second target for continued selling pressure)
Target 3: 0.010000 (Third target, further downside potential)
2. Bullish Reversal Scenario (If price breaks resistance):
Entry: Enter at 0.013200, if price breaks the resistance zone.
Target 1: 0.013600 (First target for an upward move)
Target 2: 0.014000 (Second target if momentum picks up)
Target 3: 0.014500 (Third target for strong bullish momentum)
Momentum:
Bearish Momentum: If the price stays below 0.012060, the momentum is likely bearish, and we can expect further declines. Watch for confirmation of a break below the 24h low.
Bullish Momentum: A breakout above 0.013110 and sustained momentum above 0.013200 could signal a shift towards bullish momentum, with higher targets.
Risk Management:
Stop Loss: If you are going long, place a stop loss at 0.012060. For shorts, place a stop loss at 0.013200 to protect against sudden price movements.
