$COOKIE
To trade COOKIE/USDT using the "zigzag strategy" — super coin of this strategy due to bots and copy traders
1. Identify Key Zones:
From the chart:
Support (Buy Zone): Around $0.1484 and $0.1543
Resistance (Sell Zone): Around $0.1662
These levels are based on:
Recent lows (where price bounced up)
Recent highs (where price faced resistance)
2. Confirm with Indicators:
EMA(7) crossing above EMA(25) = Buy Signal
EMA(7) crossing below EMA(25) = Sell Signal
Currently, EMA(7) ≈ $0.1617, and EMA(25) ≈ $0.1592, showing slight bullishness — but flattening out.
MACD is near zero and flat, suggesting consolidation or a potential change in trend.
RSI (6) = 47.86, which is neutral — not overbought or oversold.
3. Trading Plan:
Buy Strategy:
Set buy orders near $0.1543 or $0.1484 (support levels).
Confirm bounce with bullish candlesticks or EMA(7) turning up.
Sell Strategy:
Take profits near $0.1662 (resistance).
If price breaks above with strong volume, trail your stop loss higher.
4. Risk Management:
Use stop-loss below $0.1450 if the price breaks down.
Don’t invest more than 2–5% of your portfolio in one trade.
