$COOKIE COOKIE/USDT - 🚀 Volatility is High, but Buyers Losing Strength!

💰 Current Price: $0.2518 (+57.87%)

📈 24h High: $0.3089 | 📉 24h Low: $0.1512

📊 RSI: 65.95 (Approaching Overbought)

📉 Bollinger Bands: Price is near the upper band, meaning an overextension is possible.

Market Behavior:

COOKIE has seen a massive 100%+ pump, hitting a high of $0.3089, but is now facing a pullback as buyers slow down.

The price is showing lower highs, a warning sign that momentum is shifting towards sellers.

RSI at 65 suggests that the token is near overbought territory. A sharp pullback is likely unless new buyers enter aggressively.

Bollinger Bands show high volatility, and the price is near the upper band, making a correction more probable.

Prediction:

🔻 Bearish Scenario:

If COOKIE fails to break above $0.27, it will likely pull back to $0.22–$0.20.

A deeper drop below $0.20 could see it testing $0.18 or even $0.15.

🟢 Bullish Scenario:

If buyers push above $0.27 with strong volume, we could see a retest of $0.30-$0.32.

Sustaining above $0.30 could trigger another breakout towards $0.35-$0.38.

Trade Strategy:

🔴 Short Entry (High Probability):

Entry: Around $0.26-$0.27 (if rejection happens).

Take Profit: $0.22-$0.20

Stop-Loss: Above $0.28 (to avoid a squeeze).

🟢 Long Entry (Only If Confirmed Support):

Entry: If $0.24 holds as support and volume spikes.

Take Profit: $0.28-$0.30

Stop-Loss: Below $0.22 (to avoid getting trapped).

Final Thoughts:

📉 Shorting COOKIE seems safer as momentum slows and RSI is nearing overbought.

📈 A long entry is riskier, requiring confirmation at $0.24 support before entering.

💡 Wait for price action near $0.26 before deciding on a trade.#BTCvsInflation #BTCNextATH? #BTCNextATH? #BinanceAlphaAlert #Write2Earn