Considering your plan to buy $COW and take long positions, here's a breakdown ¹:
Current Price: $COW is currently trading at $0.4694, with a 24-hour trading volume of $10.27 million.
Targets: Your targets are $0.46, $0.47, and $0.48. Given the current price, you're looking for a potential gain of up to 2.3%.
Stop-Loss: You've set a stop-loss below $0.44, which is about 6.2% below the current price.
Technical Analysis:
Moving Averages: The 50-day SMA is $0.2999, while the 200-day SMA is $0.4500. The current price is above the 50-day SMA, indicating a potential bullish trend.
Indicators: Some indicators like VWMA (10) suggest a sell, while others like Hull Moving Average (9) are neutral or buy signals ² ³.
Potential Risks:
Volatility: COW's price has fluctuated significantly, with a 24-hour high of $0.496 and an all-time high of $1.22.
Market Sentiment: The Fear & Greed Index stands at 70, indicating a "Greed" zone, which might suggest a potential correction ³ ¹.
