$COS
/USDT) Technical Analysis:
The chart displays a potential bearish engulfing pattern forming after a strong upward move, indicating possible reversal.
* Entry Level: A confirmed entry for a short position would be a break below the current support level around $0.002950-$0.002940.
* Target Level: The initial target for this bearish move is around $0.002927, aiming for the previous support zone.
* Stop Loss: Place a tight stop-loss order just above the recent high, around $0.002984, to limit potential losses.
Market Next Move: Based on the observed pattern, the market's next move is likely bearish, seeking lower support levels.