😱 $COS Bears - What's Next?


Hey traders👋, let's look at $COS:


Current price: $0.0031 (▼6.02%)
24h range: $0.003 - $0.0033


📊 Current Analysis:


I'm noticing some concerning signs in $COS's price action. The 6.02% drop is being accompanied by higher than average volume, which often indicates stronger selling pressure. Here are the key levels I'm watching:


🔺 Resistance Levels:
1. $0.0032 - Immediate resistance that needs to break for continuation
2. $0.0033 - Stronger resistance that could cap larger moves


🔻 Support Levels:
1. $0.0031 - Initial support where buyers might step in
2. $0.003 - Critical support that must hold for current structure


💡 Trading Considerations:


Short-term traders might find opportunities on bounces to resistance, but be cautious - the momentum appears to be shifting.


For those considering positions:
• Potential entry zone: $0.0031-$0.0032
• Stop considerations: Below $0.003 for longs / above $0.0033 for shorts
• Initial targets: $0.0032 then $0.0033 if bullish / $0.0031 then $0.003 if bearish


What's your take on COS's current setup? Are you:
- Seeing opportunities here?
- Waiting for more confirmation?
- Have a different perspective on these levels?


Let me know in the comments - I always appreciate different viewpoints!


Remember: Markets can change quickly. Always manage your risk accordingly.


#Crypto #Trading #Binance #COS #Bearish #DYOR