📊 $COW /USDT Technical Analysis & Market Outlook 📊

The COW/USDT pair has shown impressive momentum, currently trading at $1.1303, with a +38.91% surge in the last 24 hours. Here's a concise analysis for short-term traders:

Market Highlights:

24H High: $1.2055

24H Low: $0.7960

Volume (COW): 106.66M

Volume (USDT): 106.52M

Technical Insights:

Resistance Levels: $1.2055 and $1.2387

Support Levels: $0.9956 and $0.7524

Indicators suggest a strong bullish trend:

MACD: Bullish crossover

RSI: Above 70, signaling overbought conditions but maintaining momentum

Bollinger Bands: Price is testing the upper band

Short-Term Targets:

1. Target 1: $1.18 (conservative)

2. Target 2: $1.23 (moderate)

3. Target 3: $1.28 (aggressive)

Risk Management:

Set a stop-loss at $0.99 to protect against unexpected reversals.

💡 Trade Smart: Monitor volume and RSI closely to adjust your positions. Always trade with proper risk management.

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