$COW Next target:
Based on the chart analysis and current market indicators for COW/USDT, here’s a realistic target range for tonight:
Immediate Targets:
1. First Target (Resistance Level): $0.3975 - $0.40
The $0.3976 level (recent 24h high) is a key resistance. If the price breaks above this level with strong volume, it could test the $0.40 mark.
2. Second Target (If Breakout Occurs): $0.41 - $0.42
If the price surpasses $0.40 convincingly, with continued bullish momentum and increasing volume, the next target could be around $0.42. However, this would require a strong push, potentially driven by market sentiment or a surge in buying volume.
Support Levels (If Rejected):
If the price faces resistance and pulls back, it may find support around:
$0.3843 (EMA 25)
$0.3671 (24h Low)
Trading Strategy for Tonight:
Bullish Scenario:
Enter a long position if the price breaks and sustains above $0.3905 (EMA 99) with good volume, targeting $0.3975 and potentially $0.42.
Set a tight stop-loss below $0.384 to minimize risk.
Bearish Scenario:
If the price struggles to break above $0.39 or faces rejection near $0.3976, consider waiting for a pullback to $0.384 or $0.367 for a potential bounce.
Summary:
Primary Target Tonight: $0.3975 - $0.40
Stretch Target (if bullish momentum continues): $0.42
