$COW #COW

*Technical Analysis COW/USDT -1H

1. Technical Overview

Current Price: 0.4169 USDT

Nearest Resistance: 0.4264 (recent peak)

Strong Support: 0.3600 – MA(25) and MA(99) crossover zone

General Signal: Strong breakout from accumulation zone with a surge in volume

2. RSI – Relative Strength Index

Current RSI (estimated): ~75

Meaning: RSI is in the overbought zone, indicating the price may adjust in the short term. However, in a strong uptrend, RSI can remain high for an extended period.

3. MACD – Moving Average Convergence Divergence

MACD Signal: The MACD line has crossed above the signal line and is expanding

Strong positive Histogram: Confirms upward momentum

Conclusion: MACD supports buying (long) in the short and medium term

4. Trading Suggestions

Long Buy (Supporting current uptrend):

Entry: 0.4110 – 0.4160 (wait for a slight price pullback)

TP1: 0.4264 (previous peak)

TP2: 0.4500 (Fibonacci projection 1.618)

SL: 0.3900 (below MA7 + breakout zone)

Short Sell (in case of a strong reversal):

Entry: 0.4260 – 0.4280 (if the price does not break the previous peak and RSI is too high)

TP1: 0.4000 (previous support zone)

TP2: 0.3750 (near MA99)

SL: 0.4350 (above previous peak)

Spot Buy:

Entry: 0.4169

TP1: 0.4264

TP2: 0.4500

SL: 0.3900

5. Conclusion

The current trend is clearly bullish with breakout and high volume.

Overbought RSI needs risk management with tight SL.

MACD confirms strong upward momentum.

A good strategy is to look for buying opportunities during slight pullbacks, avoiding chasing prices.