$COOKIE USDT – LOWER HIGH FORMED! BEARS DEFENDING KEY ZONE
REJECTION FROM $0.1937 – STRONG SELL PRESSURE NEAR RESISTANCE
WEAK FOLLOW-THROUGH AFTER BOUNCE – MOMENTUM STALLING
$COOKIE USDT attempted to rally but was quickly rejected near $0.1937, forming a lower high and bearish candle on the 4H chart. Volume remains weak on green moves, suggesting limited buying interest. Price now hovers near $0.185 support with downside risks.
Trade Setup:
Short Entry: $0.1850
Target (TP): $0.1778 / $0.1725
Stop Loss (SL): $0.1935
If $0.1822 breaks, expect further downside as bears tighten grip. Short-term trend is turning bearish.
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