$COW /USDT Technical Analysis & Trade Signals

Current Price: $0.5609

Trend: Bullish momentum with +30.75% 24h price increase.

Support and Resistance Levels

Immediate Resistance: $0.5700 (24h High)

Immediate Support: $0.5000 (Psychological Level)

Key Support: $0.4279 (24h Low)

Trade Signals

Entry Point: $0.5500 - $0.5600 (On minor retracement for a safer entry)

🎯 Target Levels:

1. Target 1: $0.6000

2. Target 2: $0.6500

3. Target 3: $0.7200

Stop Loss: $0.4800 (Below key support level to manage risk).

Momentum Analysis

15-Min Chart: Consolidation; prepare for breakout confirmation.

1-Hour Chart: Bullish engulfing patterns; strong buying interest.

4-Hour Chart: Sustained upward momentum with volume spike.

Trade Momentum

Bullish: High trading volume supports upward trend.

Indicators: RSI near overbought zone (Monitor closely).

Moving Averages: 50 EMA > 200 EMA (Golden Cross observed).

Trading Tip:

Monitor breakout above $0.5700 for strong upward move towards first target. Watch for DeFi sector news or volume changes for potential trend reversal.

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