$COW /USDT Trading Signal - Bullish Momentum Emerging
Current Price: $1.0001 (+6.45%)
24h High: $1.0443
24h Low: $0.8958
24h Volume: $36.40M USDT
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Market Overview
$COW has shown a strong upward move, breaking the $1.00 psychological resistance and touching a 24h high of $1.0443. The current consolidation above $1.00 indicates strong buyer interest and potential for further gains.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $1.00 - $1.02
Targets:
T1: $1.05
T2: $1.10
T3: $1.15
Stop Loss: $0.97
Bearish Scenario (Short Opportunity):
Entry Zone: Below $0.98
Targets:
T1: $0.95
T2: $0.90
Stop Loss: $1.00
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Technical Insights
MACD: Positive divergence, signaling growing bullish momentum.
RSI: Near overbought levels, caution advised as resistance zones are approached.
Support Levels: $0.98 and $0.95.
Resistance Levels: $1.05 and $1.10.
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Strategy Recommendations
Wait for confirmation of a breakout above $1.05 to add to long positions.
Watch for signs of exhaustion near $1.10 for partial profit-taking.
Tighten stop-loss levels if the price retraces below $0.98.