$COOKIE / USDT – Bullish Momentum Building, Testing Recent Highs
$COOKIE is currently trading at $0.1989, showing a positive trend and approaching its 24-hour high of $0.2089. The price action suggests increasing buying pressure and a potential breakout attempt.
Trade Setup (Watching for Breakout):
Potential Support Zone: $0.1960 - $0.1980
Key Resistance: $0.2080 - $0.2100
Bullish Scenario:
Entry (Long): Break above $0.2100 with significant volume
Target 1: $0.2130
Target 2: $0.2160+
Stop Loss (Long): Below $0.1940
Bearish Scenario:
Entry (Short): Rejection at $0.2090 with increasing selling volume, break below $0.1960
Target 1: $0.1940
Target 2: $0.1920
Stop Loss (Short): Above $0.2110
COOKIE/USDT is showing promising bullish momentum. Keep a close eye on the $0.2080 - $0.2100 resistance zone. A strong break above this level could lead to further upside. Conversely, a rejection at this point could lead to a pullback. Monitor volume for confirmation of either scenario.
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