Analysis of asset $COOKIE
Entry at 0.1840
First target 0.1900
Second target 0.2000
Third target 0.2100
Final target 0.2200
Stop loss below 0.1750
Analysis of trading data for the COOKIE/USDT pair on the Binance platform
1. **Current price and trading performance**
- **Current price**: 0.1847 USDT
- Change: 0.0000 (0.00%), indicating a temporary price stability with no change.
- **Recent price range**:
- Low: 0.1847
- High: 0.2758
- There is a significant difference between the current price and the peak (0.2758), which may indicate a sharp decline or correction after a previous rise.
2. **Trading volume**
- **COOKIE volume (24 hours)**: 24.07M (up by 0.2083%).
- **USDT volume (24 hours)**: 4.73M (down by 0.1833%).
- The increase in COOKIE trading volume indicates a rise in demand or activity.
3. **Support and resistance levels**
- **Resistance**:
- 0.2600: Strong resistance level.
- 0.2500 and 0.2400: Moderate resistance levels.
- **Support**:
- 0.1847: The current price acts as immediate support.
- Lower levels: 0.1900, 0.2000, etc.
- A break below 0.1847 may lead to testing 0.1833 (24-hour decline).
6. **Recommendations**
- **Buyers**: Wait for confirmation of a break above 0.1850 with an increase in volume to ensure bullish momentum.
- **Sellers**: Monitor 0.1847 as a critical support level. If broken, the price may head towards 0.1833 or lower.
- **Caution**: High volatility (the difference between 0.1847 and 0.2758) requires precise risk management.
