$COOKIE
Price Action (COOKIE/USDT): The current price is $0.2896. The chart shows a significant upward trend, with a recent surge around May 5th-8th. The "24h Change" indicates a substantial increase of 0.0660 (29.52%).
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Scenario 1:
Bullish Continuation (High Probability):
If COOKIE/USDT breaks and holds above $0.2973 with strong volume, the uptrend is likely to continue.
Strategy: Look for long opportunities on breakouts or shallow pullbacks to support levels (e.g., $0.28 - $0.29).
Potential Targets: Targets depend on Fibonacci extensions or previous highs but could be $0.32 - $0.35 or higher.
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Scenario 2:
Retracement/Consolidation (Moderate Probability):
After a significant rise, a retracement or consolidation is possible. The price might retest support around $0.25 - $0.27.
Strategy: If the price fails to break resistance, consider short-term shorts (scalping) to support or wait for pullbacks to demand zones for long entries. Look for bullish order blocks or FVG fills for bounce points.
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Scenario 3:
Bearish Reversal (Low Probability in the immediate 3 days):
A bearish reversal would require breaking below significant lows (e.g., $0.2224) with strong bearish volume. This is less likely in the short term, given the bullish momentum.
Strategy: Avoid long positions if the price breaks below critical support. Shorting is an option only if a clear bearish structure (lower lows, lower highs) forms
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Warning
Volatility:
The extremely high amplitude (92.89%) means significant price swings are possible. Use tight stop losses.
Volume Confirmation:
Confirm price action with volume. Breakouts on low volume are less reliable.
