🛑$COW
BEARISH TECHNICAL ANALYSIS – SELL SETUP FORMING BELOW SUPPORT
$COW is displaying bearish signs after repeated rejections near the resistance area of 0.2450–0.2460. The price has started forming lower highs and is currently testing a key horizontal support at 0.2400. A confirmed break below this level could trigger further downside momentum as selling pressure builds.
Technical Outlook:
Trend: Bearish
Entry Zone: Below 0.2390 confirmation candle close
Targets (TP):
TP1: 0.2320
TP2: 0.2250
TP3: 0.2180
Stop Loss (SL): 0.2470 (above recent resistance zone)
Risk Management:
Maintain strict discipline with SL and risk no more than 1–2% per trade. Wait for break and retest confirmation to ensure entry validity.