📉 SHORT COOKIEUSDT.P from $0.2787
🛡 Stop loss: $0.2925
🕒 Timeframe: 4 hours
✅ Market overview:
➡️ A rising wedge pattern has formed and collapsed, confirming the bearish momentum.
➡️ The price broke below the wedge and the POC level at $0.2976, making it resistance.
➡️ It is now likely that the strong volume zone at $0.2976 - $0.2925 will act as a rejection area.
➡️ Bearish pressure can be seen through the large red candles.
➡️ The arrows on the chart indicate a continuation of the trend towards profit-taking levels.
🎯 TP targets:
💎 TP 1: $0.2660
💎 TP 2: $0.2515
💎 TP 3: $0.2395
📢 Watch how the price reacts to COOKIEUSDT.P at TP1 - a weak rebound may indicate room for a deeper decline.
🚀 The COOKIEUSDTP pair maintains its bearish momentum - further declines are expected!
