$COW $COW
COW/USDT: A Dip for the Herd
The COW token has taken a tumble today, currently trading at $0.5152, down 4.43%.
Support & Resistance:
* Support: $0.5000 is a key level to watch. If it breaks, further downside is possible.
* Resistance: $0.5522 has been acting as resistance. Breaking above this level could signal a bullish reversal.
Entry Strategy:
* Buy the Dip: If COW dips further towards $0.5000, consider buying as a potential long-term investment. Set a stop-loss below $0.5000.
* Scalp the Range: For short-term traders, scalping the range between $0.5000 and $0.5522 could be a viable strategy. Use tight stop-loss orders to manage risk.
Remember, do your own research before trading. Crypto is volatile!
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