🚨 $COW /USDT TRADE ALERT – DOWNSIDE PRESSURE WITH POSSIBLE REVERSAL ZONE! 🚨
The COW/USDT pair on the 1-hour chart is showing a downward trend, currently trading at 0.4177 after a significant drop of 13%. This sell-off could indicate further downside unless a reversal pattern forms around key support levels.
Current Price: 0.4177
Entry Price: 0.4200 (with caution on further downside risk)
Key Levels:
Resistance: 0.4459 – A break above this level could signal the beginning of a recovery.
Support: 0.3977 – A critical support level; if breached, further selling pressure may accelerate.
Take-Profit Targets:
1. Target 1: 0.4350 – A conservative target if recovery begins.
2. Target 2: 0.4550 – Medium-term target on sustained buying momentum.
3. Target 3: 0.4700 – Aggressive target if bullish reversal holds.
Stop Loss: 0.3900 – Below key support to limit downside risk if the downtrend continues.
⚠️ Caution: COW has shown considerable bearish momentum, so monitor closely around support. Watch for signs of stability or a potential reversal before taking long positions. Volume spikes and candlestick patterns near support will be key indicators for a trend change.
