$COW is trading at $0.8202, reflecting a strong 10.54% gain within the last 24 hours. The price is consolidating after reaching a 24-hour high of $0.8563, with potential for a breakout or retracement depending on market momentum.
Trade Setup:
Long Setup:
Entry: Above $0.8600 (Breakout confirmation)
Stop Loss (SL): $0.8000
Take Profit 1 (TP1): $0.9000
Take Profit 2 (TP2): $0.9500
Short Setup:
Entry: Below $0.8000 (Breakdown confirmation)
Stop Loss (SL): $0.8300
Take Profit 1 (TP1): $0.7500
Take Profit 2 (TP2): $0.7100
Technical Outlook:
COW/USDT is showing signs of bullish momentum but is facing resistance near $0.8600. A successful breakout could push the price toward $0.9500. Alternatively, failure to sustain above $0.8000 may lead to a retracement toward lower support levels.
Traders should confirm the move with volume and price action while using disciplined stop-loss strategies to manage risks.