$COW Here's a detailed analysis of Crypto Asset based on the short liquidation data.
Recent Short Liquidation Insight.
Short Liquidation Amount: $10,171.
Price of Liquidation: $1.02475.
This indicates that some traders betting against $COW were liquidated at this price level, suggesting bullish momentum as the price pushed higher.
Next Steps for $COW.
1. Current Market Sentiment.
The short liquidation shows buying pressure. It could attract more buyers or trigger a short squeeze if the price sustains above this level.
2. Buy Zone.
A potential buy zone is around $1.010 - $1.020.
This range allows you to enter near a support zone where buyers are active.
3. Target Levels.
Target 1: $1.050 Immediate Resistance.
Target 2: $1.080 Key Resistance Level.
Target 3: $1.120 High Risk, Reward Level.
4. Stop loss.
Place a stop loss at $0.990, just below the recent support zone, to minimize losses if the price falls unexpectedly.
Technical Observations.
1. Support.
Strong support at $1.010 due to high short liquidations and buying activity.
2. Resistance.
Around $1.050 – $1.080, which needs to break for a continued uptrend.
3. Trend.
Bullish bias if price sustains above $1.02475.
Key Strategy.
1. Enter near $1.010 - $1.020.
2. Book partial profits at $1.050 and $1.080.
3. Adjust stop loss to entry level once Target 1 is reached.
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