$COS
/USDT Technical Analysis and Trade Strategy๐๐
Current Price: $0.01159
24h Change: -23.26% (sharp decline)
24h High/Low: $0.015739 / $0.011503
Technical Indicators:
1. Support Levels:
S1: $0.01150 (24h low)
S2: $0.01080 (psychological level)
2. Resistance Levels:
R1: $0.01280 (recent rebound level)
R2: $0.01390
R3: $0.01570 (24h high)
3. Key Indicators:
Volume:
24h Vol (COS): 1.76B โ significant volume, indicating strong selling pressure.
24h Vol (USDT): 22.23M.
Trend: Downward momentum; price testing support at $0.01150.
Depth Analysis: High volatility with potential for a short-term rebound.
๐ฏ Trade Strategy
Trade Setup:
Entry Zone: $0.01150โ$0.01180 (buy near support)
Stop Loss: $0.01080 (below key support)
Risk/Reward Ratio: 1:3
Target Keys ๐ฏ:
1. ๐ฏ Target 1: $0.01280 (initial resistance)
2. ๐ฏ Target 2: $0.01390 (mid-range resistance)
3. ๐ฏ Target 3: $0.01570 (24h high recovery level)
Trade Execution Plan:
1. Buy Entry: Place orders between $0.01150โ$0.01180.
2. Take Profit:
30% at $0.01280
40% at $0.01390
30% at $0.01570
3. Stop Loss: Exit if the price drops below $0.01080.
Risk Management Tip:
Given the volatility and steep drop, trade with caution and avoid large positions.
Monitor for a potential rebound with volume confirmation.
If price breaks below $0.01150, further downside could occur.
