technical analysis and trade signal for $COW /USDT, including three target levels and trade momentum:
Current Price: 0.6060 USDT
24h High: 0.6499 USDT
24h Low: 0.4616 USDT
Price Change: +29.93%
Key Support & Resistance Levels:
Support Level 1: 0.4616 USDT (24h Low)
Support Level 2: 0.5500 USDT (Minor support based on recent price action)
Resistance Level 1: 0.6499 USDT (24h High)
Resistance Level 2: 0.7000 USDT (Psychological resistance)
Trade Signal:
Buy Signal:
Entry Point: 0.6050 USDT (current price level)
Reason: Price is trending upward with significant momentum (+29.93% in 24 hours). It could continue to push towards higher resistance levels.
Target Levels (🎯):
Target 1: 0.6500 USDT (First resistance level, possible short-term target)
Target 2: 0.7000 USDT (Psychological resistance)
Target 3: 0.7500 USDT (Extended target if bullish momentum continues)
Stop Loss: 0.5500 USDT (just below Support Level 2)
Trade Momentum:
Momentum Analysis:
Bullish Momentum: COW/USDT is currently experiencing strong bullish momentum (+29.93% over 24 hours), suggesting potential for further upside in the near term.
RSI (Relative Strength Index): If RSI is nearing or above 70, it could signal overbought conditions. Watch for any divergence or reversal signals at resistance levels.
MACD (Moving Average Convergence Divergence): If the MACD is bullish, it confirms the upward trend and supports the buy signal.
Summary:
Buy Range: 0.6050 USDT
Target Levels: 0.6500 USDT, 0.7000 USDT, 0.7500 USDT
Stop Loss: 0.5500 USDT
Momentum: Bullish, but monitor RSI and MACD for any signs of reversal at resistance levels.