$COW /USDT Technical Analysis (4H Chart)
Market Overview:
$COW /USDT has shown a significant bullish movement, breaking out strongly with a massive 4H candle spike to $0.9954. This reflects increasing buying pressure with volume confirming the uptrend. Price surged from the $0.70-$0.75 consolidation range, indicating bullish momentum.
Long Entry Setup:
Entry Zone: Look for a potential pullback to $0.90–$0.92 for a safer long entry.
Stop Loss: Place a stop loss at $0.87 to manage risk in case of retracement.
Target 1: $1.03 (24H high resistance).
Target 2: $1.10 for extended breakout continuation.
Short Entry Setup:
Entry Zone: If price fails to hold above $1.00, a short entry near $0.995–$1.00 can be considered.
Stop Loss: Above the high at $1.05 to limit losses.
Target 1: $0.90 (support from pullback).
Target 2: $0.80 (strong previous support zone).
Key Insights:
The breakout momentum is strong, but expect volatility. A retest of $0.90-$0.92 support will be healthy for bulls.
Watch volume: declining volume on a pullback could signal continuation; increasing volume below $0.90 may trigger a bearish reversal.
Trade cautiously, as price is near psychological resistance at $1.00. Always use stop-loss to manage risk.
Conclusion: Bulls should wait for a pullback, while bears can look for rejection near $1.00. Clear targets and risk management are key in this volatile phase.