The $COW /USDT 15-minute chart shows a current price at 0.5500, reflecting a 21.07% increase over the past 24 hours.
The chart hit a high of 0.7729 within the day but has since retraced. For those considering entry, a strategic point would be around 0.5450 to take advantage of any potential upward momentum.
The initial resistance is at 0.5700, with profit targets at 0.5900 (TP1), 0.6100 (TP2), and 0.6300 (TP3). On the downside, support is found at 0.5200, providing a safety buffer for pullbacks.
To manage risk effectively, a stop-loss (SL) can be positioned at 0.5150, just below the support level.
This setup offers a balanced approach for traders looking to capitalize on continued bullish movement while safeguarding against potential reversals.
