$COW /USDT: Short Signal - Spot and Futuresš„šÆ
$COW /USDT is currently trading at $0.8240, showing a bearish shift with an 11.90% decline in the past 24 hours. This could be the start of a deeper correction, providing an opportunity for short positions.
Spot Trading Signal
ā¢ Entry Zone: $0.8200 - $0.8300
ā¢ Targets:
ā¢ $0.7800
ā¢ $0.7400
ā¢ $0.7000
ā¢ Stop Loss: $0.8600
Futures Trading Signal
ā¢ Entry Zone: $0.8200 - $0.8300
ā¢ Targets:
ā¢ $0.7800
ā¢ $0.7400
ā¢ $0.7000
ā¢ Stop Loss: $0.8600
ā¢ Leverage: 5x (Moderate Risk)
Market Analysis
ā¢ Support: $0.7800 ā This level is critical for the bearish continuation. A break below this zone could confirm further downside potential.
ā¢ Resistance: $0.8600 ā Key resistance that should hold for a bearish move. A rejection from this level will likely signal continued downside.
ā¢ Volume: Volume is steady, with a significant 24h trading volume of 111.45M COW, indicating active market participation.
ā¢ Trend: Bearish momentum is evident, and the price action is forming lower lows, suggesting further downside risks.
Insights
ā¢ Watch for price rejection at the $0.8600 level to confirm short positions.
ā¢ Manage risk effectively by setting a stop loss at $0.8600 for optimal risk-to-reward ratio.
$COW /USDT is showing signs of further decline, and shorting at resistance could provide profitable trades toward key support levels.
Follow my predictions ā 93% profit guaranteed!
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