Today I entered a COS/USDT trade at $0.00314. After analyzing the 1-day chart, I noticed that the price has recently bounced from a support level around $0.00265 and is showing signs of consolidation. The MACD is still in negative territory, but the selling pressure appears to be decreasing. I believe a short-term recovery could follow.
My take profit is set at $0.00360 and stop loss at $0.00290, targeting a 1:2 risk-to-reward ratio. The 24-hour volume also indicates strong market activity, which adds confidence to my position.
I’m using this opportunity not only to trade but also to participate in the Binance COS trading campaign. Let’s see how this plays out!
