$COOKIE 🚀 BULLISH MOMENTUM 🚀
Chart Insights:
Current Price: Approximately $0.1700 USDT (chart reflects similar levels)
The chart shows a sharp breakout and subsequent consolidation—highlighting increased interest and volatility in COOKIE’s price action.
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Fibonacci Retracement Setup:
Assuming a recent swing low near $0.15 and a recent peak around $0.20, the key Fibonacci levels are:
Level Price
38.2% Retracement ~$0.17
50.0% Retracement ~$0.175
61.8% Retracement ~$0.18
These zones align closely with areas of price consolidation, thus forming potential pivot zones for trade decisions.
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Strategic Trade Setups:
1. Pullback Long — Low-Risk Entry
Entry Zone: $0.17 – $0.175 (Fibonacci retracement cluster)
Stop-Loss: Below $0.165
Targets:
T1: $0.20 (recent high)
T2: $0.22 – $0.25 (extension zone if momentum resumes)
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2. Breakout Long — Momentum Play
Trigger: A clean close above $0.20 on elevated volume
Stop-Loss: Below $0.18
Targets:
T1: $0.22
T2: $0.25 – $0.28 (further upside if hype accelerates)
Confirmation & Risk Tips:
Confirm entries with volume spikes, especially for breakout trades.
Use momentum indicators like RSI or MACD to validate price action.
Limit exposure to 1–2% of your total trading capital and always use stop-loss orders.
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