$COW /USDT Technical Analysis

Current Price: $0.7372 (-8.49%)

24H Range: $0.7171 - $0.8332

Volume: 26.67M COW

Key Insights:

$COW /USDT has declined sharply but is showing signs of stabilization near the $0.7200 support level.

Short-term consolidation indicates a possible recovery if the price breaks above $0.7500 resistance.

馃幆 Targets:

1. Target 1: $0.7600

Rationale: Immediate resistance zone that could be tested if momentum builds.

Action: Consider partial profit-taking at this level.

2. Target 2: $0.8000

Rationale: Psychological level and a strong resistance zone from previous price action.

Action: Hold positions if price sustains above $0.7600.

3. Target 3: $0.8300

Rationale: 24H high and major breakout zone. A move above this could indicate a bullish reversal.

Action: Full profit-taking advised.

馃攽 Strategy:

Stop Loss: Place below $0.7200 to minimize risk.

Indicators to Watch: Monitor RSI for oversold conditions and volume for signs of accumulation.

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