🐮 $COW /USDT – Bearish Pullback Hits Key Zone! Will the Bulls Fight Back?
$COW is trading at $0.3325, down 6.31%, hovering just above its 24h low of $0.3310. The price is now trading below all major moving averages, signaling sustained selling pressure:
MA(7): 0.3403 | MA(25): 0.3504 | MA(99): 0.3460
📊 Technical Overview:
– Rejected from $0.3646 with strong red candles
– Current structure shows a clear bearish trend
– Support zone: $0.329 – $0.331
– Breakdown below this could open the door to further downside
🔹 Short-Term Trade Plan:
Entry: $0.3300 – $0.3330
TP1: $0.3400
TP2: $0.3480
SL: $0.3240
🔸 Long-Term Trade Plan:
Entry: $0.3260 – $0.3320
TP1: $0.3640
TP2: $0.3780
SL: $0.3160
Volume remains strong at 5.52M COW, showing active interest. If bulls defend the $0.33 zone, a sharp recovery bounce could follow. Otherwise, next major support lies near $0.320.