Based on the $COW /USDT 4-hour chart from Binance, we can observe a strong bullish momentum with a significant breakout from the $0.60 region, followed by a sharp rally that pushed the price to $0.9941. The recent spike shows increasing buyer strength, indicating a bullish trend for now.

Long Entry Setup:

Entry: Look to enter on a pullback near $0.92–$0.94** for a better risk-to-reward.

Stop-Loss: Place a stop-loss below the previous support level, around $0.87.

Target: The immediate upside target would be the $1.04–$1.06** range (previous 24h high). If momentum sustains, $1.10 could be achieved.

Short Entry Setup:

Entry: If price shows rejection near resistance at $1.00–$1.04, short positions can be taken on confirmation of reversal candles.

Stop-Loss: Place a stop-loss slightly above $1.06 to limit risk.

Target: The short-term downside target is $0.90, with an extended target at $0.85 if selling pressure increases.

Conclusion:

The trend remains bullish, but caution is advised as the current level near $1.00 acts as psychological resistance. Monitor for pullbacks to take long entries, and watch for signs of exhaustion or rejection near resistance to enter shorts. Always trade with proper stop-losses and manage risk effectively.

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