🚨 $COW /USDT Technical Analysis: Bullish Momentum Heating Up! 🚨

$COW is currently trading at 0.5085, surging by 21.04% in the past 24 hours. After reaching a 24-hour high of 0.5258, the price is consolidating, indicating potential for another breakout.

Key Levels to Watch:

1. Resistance 1: 0.5200 – A breakout above this level could reignite bullish momentum.

2. Resistance 2: 0.5500 – Sustained buying pressure may push the price toward this psychological zone.

3. Support Level: 0.5000 – Holding above this key level is critical to prevent a deeper pullback.

Trade Setup and Targets:

Bullish Scenario: If $COW breaks above 0.5200, targets at 0.5400, 0.5500, and potentially 0.5700 could be in play.

Bearish Scenario: A dip below 0.5000 could lead to retracement toward 0.4800 or even 0.4600.

Recommendation:

Monitor price action closely near 0.5200 for a breakout confirmation. Set stop-loss orders below 0.4900 to manage risks effectively. The bullish trend shows promise, but approach with caution due to heightened volatility.

#COW #CryptoTrading #TechnicalAnalysis #Write2Earn #Share1BNBDaily