The $COW /USDT 15-minute chart is showing a current price of 0.5314, reflecting a substantial increase of 113.41% over the past 24 hours.
The 24-hour high stands at 0.7729, while the low is at 0.2490, indicating high volatility in the market. The key resistance level to monitor is at 0.6143, which, if broken, could lead to further bullish momentum.
The support level is observed at 0.5169, acting as a crucial area for a potential pullback.
Traders considering an entry might look to initiate around 0.5314, with take-profit targets set at 0.5600 (TP1), 0.5900 (TP2), and 0.6140 (TP3).
To manage risk effectively, setting a stop-loss (SL) at 0.5000 is recommended to mitigate potential downside.
Observing trading volume and MACD indicators will be essential for confirmation of the trend direction.
