$COW /USDT Technical Analysis and trading signal 🚀🚀🚀🚀🚀
Current Price: $0.7909
Trend: Bearish in the short term, with a 13.34% drop in the last 24 hours.
Support Zone: $0.7878 (24h Low)
Resistance Zone: $0.9275 (24h High)
Key Levels:
Immediate Support: $0.7878
Immediate Resistance: $0.8288 (SAR level)
Next Key Resistance: $0.9000
Trade Targets:
1. Target 1: $0.8000 (Immediate resistance and psychological level)
2. Target 2: $0.8288 (SAR level, potential for a breakout)
3. Target 3: $0.9000 (Next resistance zone, significant upside potential)
Trade Momentum:
Momentum: Currently showing a bearish momentum, as the price has dipped significantly.
Buy Signal: If the price breaks above the $0.8288 resistance, it could signal a potential reversal and upward movement toward the $0.9000 resistance.
Sell Signal: A breakdown below $0.7878 would indicate further bearish movement, possibly targeting $0.7500 or lower.
Trade Strategy:
Long Entry: If COW/USDT breaks above $0.8288, target $0.9000 and consider trailing stop for secure profits.
Short Entry: If the price fails to break resistance at $0.8288 and falls below $0.7878, consider shorting with a stop-loss at $0.8288.
