#CowOnTheRise Gearing Up For Bull Run or continue Dipping ❓$COW /USDT Downward Pressure Intensifies..... $COW is currently trading at $0.3752, reflecting an 8.13% drop in the past 24 hours. The market is showing significant bearish momentum, with key support levels being tested as selling pressure persists.
Key Levels to Watch
Resistance: $0.3885 – A break above this level could signal a recovery toward $0.4000.
Support: $0.3740 – A breach below this could lead to further declines toward $0.3600.
Trade Setup
1. Long Entry: Above $0.3885, targeting $0.4000 and $0.4150, with a stop loss at $0.3800.
2. Short Entry: Below $0.3740, targeting $0.3600 and $0.3500, with a stop loss at $0.3780.
Market Insight
The MACD highlights ongoing bearish momentum, while the Parabolic SAR confirms the downtrend. Volume remains weak, indicating limited buyer activity. Traders should approach cautiously as volatility may increase near support zones.