I'm gonna share my prediction about #COW as we can see that $COW at a Turning Point Bullish Breakout or Bearish Breakdown?
$COW is trading at $0.961, consolidating after a recent pullback. With critical levels in sight, traders should prepare for potential sharp moves.
Bullish Signals:
1. Resistance at $0.997: A breakout could propel $COW toward $1.00 and $1.02.
2. MACD Reversal Potential: Watch for bullish crossover indications.
3. Support Holding Strong at $0.944: Maintaining this level could spark upward momentum.
Bearish Signals:
1. Break Below $0.944: A downside move could test $0.920 or even $0.900.
2. Neutral RSI (46.87): Suggesting limited buying interest currently.
3. Weak Volume: Lack of strong buying activity indicates bearish pressure.
Actionable Insights:
Bullish Entry: Above $0.997, targeting $1.00 and $1.02 with a stop-loss at $0.960.
Bearish Entry: Below $0.944, targeting $0.920 and $0.900 with a stop-loss at $0.970.