š $COW /USD: TESTING RESISTANCE ā POTENTIAL FOR A BREAKOUT! ā”
The $COW /USD pair is currently trading at $0.7750, nearing a critical resistance level. Traders should keep an eye on this price point for potential breakout or retracement opportunities.
š Trade Scenarios:
Entry Point: $0.7750
Take Profit (TP) 1: $0.7900
Take Profit (TP) 2: $0.8050
Take Profit (TP) 3: $0.8200
Stop Loss (SL): $0.7650
Support is at $0.7650, while resistance is at $0.7900. A breakout above $0.7900 could push the price toward $0.8050 and $0.8200. A drop below $0.7650 may signal a bearish pullback.
š Market Outlook:
COW is showing strength as it nears resistance at $0.7900. If the price breaks above this level, we could see bullish momentum continue. However, a failure to break through and a drop below $0.7650 could indicate a bearish retracement.
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