Sell trading signal on pair $COOKIE /USDT 🚦 🛑
Bearish reversal - sharp decline after a sharp rise!
The price of $COOKIE has dropped by about 24% after peaking at $0.3685, and is now stabilizing at $0.2793. The daily chart shows a clear rejection wick and intense selling, indicating exhaustion after an extended rise. Momentum has started to slow down, and sellers have entered strongly.
Trading settings:
Entry price (Sell): $0.2800 - $0.2870
Take profit price (TP): $0.2510 / $0.2280
Stop loss price (SL): $0.3070
Market outlook:
After a sharp upward trend, COOKIE shows signs of distribution and potential retracement. Volatility remains high, and a drop below $0.2577 could accelerate further declines. The optimal choice for high-risk speculators.
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