$COW /USDT BEARISH RETREAT AFTER LOCAL PEAK — SUPPORT TEST UNDERWAY!
$COW surged to $0.4264 but failed to hold gains, now retreating to $0.3867. This pullback is sharp, indicating seller pressure near $0.4050 resistance. Price is now testing a minor support near $0.3850 — a break below could lead to deeper correction.
Trade Setup (Short):
Entry Zone: $0.3880 – $0.3920
Take Profit: $0.3740 / $0.3600
Stop Loss: $0.4010
Market Outlook:
Current market structure is forming lower highs and lower lows on the 15-min chart, favoring bears in the short term. Any bounce without breaking $0.4000 should be seen as a relief before further downside.
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