🟢$COS/USDT POTENTIAL LONG TRADE SIGNAL – Initial Target $0.003980 🚀
COS/USDT is currently trading around $0.003910 and has bounced off the middle Bollinger Band (around $0.003703). The RSI (14) is at 69.49, indicating increasing bullish momentum. Given the bullish market sentiment, if the price can sustain above the middle Bollinger Band, an initial target slightly above the upper Bollinger Band, around $0.003980, becomes a reasonable expectation.
Trade Setup:
• Entry Zone: $0.003900 - $0.003920
• Initial Target (TP1): $0.003980 ✅
• Potential Further Target (TP2): $0.004050 🎯
• Stop-Loss: Below $0.003850 🛑
Important Considerations:
• Bollinger Bands: The initial target is now set slightly above the upper Bollinger Band, which could act as resistance. A strong break above it would signal significant bullish strength.
• RSI: The RSI is approaching overbought territory. Monitor for any signs of divergence or weakening momentum as it reaches higher levels. However, in a strong bullish market, overbought conditions can persist.
• Volume: Increasing volume on the upward move adds conviction to the potential long trade.
• Market Sentiment: The bullish market sentiment provides tailwinds for this potential long trade. However, always be prepared for potential reversals.
Disclaimer:DYOR and NFA.
Buy and trade $COS Here
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