Trade Overview
Entry Price: $0.2875
Target 1: $0.2950
Target 2: $0.3050
Target 3: $0.3200
Stop Loss: $0.2750
Market Analysis
The $COW token is currently experiencing robust bullish momentum, with a recent increase of 7.32% after rebounding from a low of $0.2584. This upward movement has resulted in a 24-hour high of $0.2884, highlighting rising buying pressure and market confidence.
Key Technical Levels
Resistance: A breakout above the $0.2900 level may initiate further upward movement, with targets extending towards $0.3050 and higher.
Support: The $0.2750 support level remains crucial, acting as a safety buffer against potential downside risk.
Trade Strategy
Traders may consider entering a long position at the identified entry point while implementing appropriate risk management techniques. The stop-loss level at $0.2750 provides protection against significant downside risk, while the potential upside targets offer a favorable risk-to-reward profile.
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