$COOKIE
BEARISH REVERSAL – SELL PRESSURE BUILDING BELOW KEY LEVELS
$COOKIE has lost momentum after repeated rejections near 0.1000–0.1050, signaling a possible bearish reversal. The 4H structure shows lower highs forming, with candles closing below the support zone at 0.0930, confirming weakness. Increasing selling volume and a fading RSI suggest sellers are gaining control.
If bearish pressure continues, the price may extend towards the following downside targets:
TP1: 0.0900
TP2: 0.0850
TP3: 0.0800
Stop Loss (SL): 0.0995 – above recent rejection level to avoid false spikes.
Risk Management:
Keep risk limited to 1–2% per trade, maintain a minimum 1:2 risk-to-reward ratio, and trail stop loss once TP1 is reached to secure gains.
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