🚀 $COOKIE /USDT: TECHNICAL ANALYSIS – SWEET SPOT FOR A BREAKOUT? ⚡
The $COOKIE/USDT pair is trading at $0.6032, approaching a key level that could trigger the next major price move. Traders should keep a close eye on breakout or retracement opportunities.
📊 Trading Scenario
Entry: $0.6032
Take Profit (TP 1): $0.6150
Take Profit (TP 2): $0.6300
Take Profit (TP 3): $0.6500
Stop Loss (SL): $0.5900
Key Levels
Support: $0.5900
Resistance: $0.6150
Bullish Outlook: A breakout above $0.6150 could confirm a bullish move, targeting $0.6300 and $0.6500. Increased buying volume could push the price higher towards $0.6700.
Bearish Outlook: A break below $0.5900 could trigger a bearish retracement, with potential downside targets at $0.5750 and $0.5600.
📉 Market Outlook
$COOKIE is trading just below the resistance at $0.6150. A breakout above this level could signal bullish momentum, while a failure to hold $0.5900 could trigger bearish pressure. Keep an eye on key momentum indicators and volume for confirmation.
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