๐Trading signal alert for $COW /USDT ๐
Signal Alert: $COW /USDT
The COW/USDT pair has been on a strong bullish run in recent days, with the price surging over 30% in the past 24 hours. The 4-hour chart shows a clear uptrend, with higher highs and higher lows. The Relative Strength Index (RSI) is currently at 91.0975, indicating overbought conditions. However, the strong momentum and lack of significant selling pressure suggest that the uptrend may continue in the short term.
Current Price: $0.8981
Entry Price: $0.8981 (current price)
Resistance Levels:
* $0.9134 (24-hour high)
* $0.9302 (depth chart)
Support Levels:
* $0.8072 (depth chart)
* $0.6842 (depth chart)
Take-Profit Targets:
* T1: $0.9134 (24-hour high)
* T2: $0.9302 (depth chart)
* T3: $0.9500 (psychological level)
Stop Loss: $0.8072 (depth chart)
Caution:
While the current trend is bullish, it's important to exercise caution as the RSI is overbought. Traders should monitor the price action closely for signs of a potential reversal or consolidation. If the price breaks below the $0.8072 support level, it could signal a bearish reversal.
