$COW /USDT Short Trading Signal
Entry: $0.6450 (Confirm the breakdown below resistance)
Stop Loss (SL): $0.6600
Take Profit (TP1): $0.6300
Take Profit (TP2): $0.6150
Take Profit (TP3): $0.6000
Technical Overview:
1. Trend: The price is respecting a descending trendline, indicating bearish momentum.
2. Volume: Decreasing buy volume at resistance suggests weakening upside potential.
3. Indicators: Look for confirmation with RSI crossing below 50 or bearish MACD crossover.
Risk Management: Use a 2% risk strategy. Adjust SL to breakeven after reaching TP1.
Potential Next Move: Breaking below $0.6000 could lead to a sharper drop. Stay cautious!