The $COW /USDT 15-minute chart indicates a current trading price of 0.5421, showing a significant 117.71% increase, highlighting strong bullish momentum. The 24-hour high is recorded at 0.7729, and the low at 0.2490, reflecting substantial volatility over the period.
The RSI stands at 71.43, suggesting that the asset is approaching overbought conditions, indicating caution for potential buyers as a price correction could be possible.
Key resistance is noted at 0.5970, which, if broken, could signal further upward potential. Immediate support is identified at 0.5240, providing a cushion if the price pulls back.
For traders considering an entry, the current price level of 0.5421 could be strategic, with take-profit targets set at 0.5500 for TP1, 0.5700 for TP2, and 0.5900 for TP3 to capitalize on incremental gains.
A stop-loss placed at 0.5100 is advised to manage risk effectively, ensuring protection against unexpected market reversals. This setup aims for a balanced approach, taking advantage of potential gains while upholding solid risk management.
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