$COOKIE COOKIE/USDT - 🚀 Volatility is High, but Buyers Losing Strength!
💰 Current Price: $0.2518 (+57.87%)
📈 24h High: $0.3089 | 📉 24h Low: $0.1512
📊 RSI: 65.95 (Approaching Overbought)
📉 Bollinger Bands: Price is near the upper band, meaning an overextension is possible.
Market Behavior:
COOKIE has seen a massive 100%+ pump, hitting a high of $0.3089, but is now facing a pullback as buyers slow down.
The price is showing lower highs, a warning sign that momentum is shifting towards sellers.
RSI at 65 suggests that the token is near overbought territory. A sharp pullback is likely unless new buyers enter aggressively.
Bollinger Bands show high volatility, and the price is near the upper band, making a correction more probable.
Prediction:
🔻 Bearish Scenario:
If COOKIE fails to break above $0.27, it will likely pull back to $0.22–$0.20.
A deeper drop below $0.20 could see it testing $0.18 or even $0.15.
🟢 Bullish Scenario:
If buyers push above $0.27 with strong volume, we could see a retest of $0.30-$0.32.
Sustaining above $0.30 could trigger another breakout towards $0.35-$0.38.
Trade Strategy:
🔴 Short Entry (High Probability):
Entry: Around $0.26-$0.27 (if rejection happens).
Take Profit: $0.22-$0.20
Stop-Loss: Above $0.28 (to avoid a squeeze).
🟢 Long Entry (Only If Confirmed Support):
Entry: If $0.24 holds as support and volume spikes.
Take Profit: $0.28-$0.30
Stop-Loss: Below $0.22 (to avoid getting trapped).
Final Thoughts:
📉 Shorting COOKIE seems safer as momentum slows and RSI is nearing overbought.
📈 A long entry is riskier, requiring confirmation at $0.24 support before entering.
💡 Wait for price action near $0.26 before deciding on a trade.#BTCvsInflation #BTCNextATH? #BTCNextATH? #BinanceAlphaAlert #Write2Earn