This coin is famous for its sudden drops.

$COS

/USDT Trade Setup and Trade momentum 🎯

Current Price: $0.012129
24h Change: -14.61%
Range: $0.011953 – $0.015739

Trade Setup

Entry: Look for a bounce near $0.0120 to $0.0122. The price is nearing the lower end of its 24h range, presenting potential for a short-term recovery.

Stop Loss: Consider placing a stop below $0.0119 to manage downside risk.

Targets 🎯

1. $0.0130 — Immediate resistance and a logical first target for a short-term rebound.

2. $0.0135 — Next key resistance level.

3. $0.0140 — Extended target if price shows consistent upward momentum.

Indicators & Analysis

Volume: A total of 1.23B COS traded and 16.32M USDT, indicating active market participation but with downward pressure.

Bollinger Bands: Price is approaching the lower Bollinger Band, which often signals oversold conditions, suggesting a potential reversal.

SAR (Stop and Reverse): Watch for SAR to change direction as confirmation of trend reversal.

Strategy:

Volume and Indicators: The price near the lower end of the range with declining volatility could signal a possible reversal. Entry at these levels with a tight stop would allow for a risk-managed trade.

Resistance Levels: Be mindful of the resistance near $0.0130 and $0.0135.

This setup looks for a rebound near current levels with a focus on short-term upside targets. The indicators point toward a potential bounce, but watch the broader market conditions for confirmation.

#CryptoUsersHit18M #MarketMajorComeback