$COOKIE /USDT CRASHES BELOW KEY INTRADAY LEVEL
HEAVY SELL-OFF PRESSURING SUPPORT ZONE
SHORT-TERM MOMENTUM REVERSES BEARISH
$COOKIE has plunged to $0.2141, dropping over 17% today and breaking below the critical intraday level of $0.2200. It’s now hovering just above the 24h low of $0.2132, indicating strong selling momentum.
Trade Setup: Bearish bias remains valid. A short opportunity is active below $0.2200, targeting the psychological level of $0.2000. A recovery above $0.2300 would weaken the bearish structure.
Market Outlook: Despite strong 90-day gains, today’s sharp drop suggests a short-term trend reversal. Price must consolidate above $0.2200 to regain strength; otherwise, expect further downside if volume remains high on red candles.
#COOKIE #CryptoCrash #AltcoinUpdate #BinanceTrading #TechnicalAnalysis