Where is COW heading?
What signals are hidden behind the price correction, opportunities or traps?
Quickly grasp entry points to avoid missing out on good opportunities!
Market Analysis:
After a significant rise, COW has entered an adjustment phase. Currently, the price hovers near the support area, and trading volume has weakened, with market sentiment tending towards caution. Short-term volatility may increase, and attention should be paid to the effectiveness of key support levels.
Support and Resistance Levels:
• Support Levels: 0.870, 0.830, 0.800
• Resistance Levels: 0.920, 0.960, 1.000
Short-term Trading Strategy:
Going Long:
• Opening Position: 0.880
• Adding Position: 0.850
• Stop Loss: 0.790
• Take Profit Targets: First Target 0.920; Second Target 0.960; Third Target 1.000
Going Short:
• Opening Position: 0.920
• Adding Position: 0.960
• Stop Loss: 1.020
• Take Profit Targets: First Target 0.870; Second Target 0.830; Third Target 0.800
My Prediction:
After the current adjustment, COW may welcome a short-term rebound, prioritizing long strategies, closely monitoring the performance of support levels, and exercising caution in operations.
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