The $COW chart is flashing warning signs, with sellers clearly in control. 🚩
This bearish signal suggests a high probability of further price depreciation.
Opening long positions at this juncture carries considerable risk, as the prevailing trend indicates further downside potential. ⚠️
Traders who understand the risks of short selling may consider this a potential opportunity, but should proceed with extreme caution and use stop-loss orders to limit potential losses.