$COOKIE /USDT Market Analysis: Recovery in Progress $COOKIE is trading at $0.2924, reflecting a 10.06% decline over the last 24 hours. After hitting a low of $0.2606, the asset is showing signs of a potential recovery with buyers stepping in.
Key Levels to Watch:
Resistance: $0.3100 – A break above this level could open the path toward $0.3300.
Support: $0.2606 – Holding above this critical level is essential for maintaining recovery momentum.
Indicators:
RSI at 67 suggests nearing overbought conditions; watch for potential consolidation.
Volume indicates moderate interest; a breakout above $0.3100 may attract additional buyers.
Trade Setup:
1. Long Entry: Above $0.2950 with targets at $0.3100 and $0.3300.
2. Short Entry: Below $0.2606 with targets at $0.2500 and $0.2400.
Risk Management: Use a stop-loss at $0.2850 to limit downside risk.