$COW USDT

- Current price (0.4668) sits between 24h high (0.5082) and POC (Point of Control) near 0.45.

2. **Critical Technical Levels**:

- Immediate resistance: 0.4833 (previous swing high on depth chart).

- Strong resistance: 0.5062 (upper depth level).

- Support zones: 0.4511 → 0.4188 → 0.3866 (depth clusters).

3. **Market Sentiment**:

- RSI(6) at 59.4 shows room for continuation but nears overbought.

- Order book imbalance: 59.9% sell orders suggest short-term resistance.

### **Trade Strategy: Cautious Pullback Entry**

#### **Scenario 1: Short-Term Pullback (High Probability)**

- **Entry**: 0.4730-0.4780

*(Wait for rejection at resistance trendline connecting 0.5062 → 0.4833)*

- **TP1**: 0.4511 (5.7% drop)

*(POC & depth support)*

- **TP2**: 0.4188 (12.5% drop)

*(Strong volume node)*

- **SL**: 0.4880 (2.1% above entry)

*(Beyond recent swing high)*

**Rationale**:

- Mean reversion likely after +23% green candle.

- Depth chart shows liquidity pools below current price.

- RSI divergence possible if momentum fades.

#### **Scenario 2: Breakout Continuation (Lower Probability)**

- **Trigger**: Sustained 15m close above 0.4833

- **Entry**: 0.4850

- **TP**: 0.5062 (4.4% rise)

*(Liquidity grab at 24h high)*

- **SL**: 0.4730 (2.5% below entry)

**Rationale**:

- Breakout would signal absorption of sell-side liquidity.

- Target aligns with untested 24h high.

### **Execution Notes**

1. **Confirmation Tools**:

- Watch for:

- Bearish engulfing candle at resistance for shorts.

- Rising volume on breakout for longs.

- 1h RSI above 65 would defer short entries.

2. **Risk Management**:

- Position size ≤1.5% of capital.

- Trail SL to breakeven at TP1.

3. **Alternative Play**:

- If price stalls near 0.4668 (current), consider scalp shorts with tight SL (0.4720).