$COOKIE Trading Analysis – Consolidation Near Key Levels
The $COOKIE pair is experiencing a consolidation phase near its 24-hour low of $0.3335. The price action suggests uncertainty, but a breakout above $0.3800 or a breakdown below $0.3335 could determine the next significant move.
Key Observations:
1. Immediate Support: $0.3335 – Critical level to watch for buying pressure.
2. Immediate Resistance: $0.3800 – A breakout above this level could lead to bullish momentum.
3. 24H Volume: 57.86M COOKIE – Moderate activity indicating a potential move ahead.
Trade Strategy:
Long Entry:
Entry Zone: $0.3500–$0.3600
Target 1: $0.3800
Target 2: $0.4000
Stop Loss: $0.3300 (below the recent low)
Short Entry:
Entry Zone: Below $0.3335 (if support breaks)
Target 1: $0.3200
Target 2: $0.3000
Stop Loss: $0.3700 (above the breakdown level)
Market Highlights:
A breakout above $0.3800 could push COOKIE/USDT toward the psychological level of $0.4000.
Failure to hold $0.3335 may trigger a retest of lower support levels, with bearish sentiment increasing.
Pro Tip:
Monitor volume closely at $0.3800 or $0.3335 for confirmation of a breakout or breakdown. Adjust position sizes to match risk tolerance.