๐จ $COW /USDT Alert: Wild Swings โ Will Bulls Regain Control? โก๐ฏ
$COW /USDT has shown intense volatility, soaring by +96.63% and currently trading at $0.4896. The rapid movement in both directions has traders on edge, questioning if this is a temporary pullback or the start of a larger trend reversal.
๐ Current Market Snapshot:
24-Hour High: $0.7729 โ A strong push that showed bulls taking control before retracement.
24-Hour Low: $0.2490 โ Establishing the significant bottom that triggered the initial surge.
7-MA (Hourly): $0.5792 โ Currently acting as a potential resistance.
๐ฏ Key Targets to Watch:
1. Immediate Upside Target: $0.6070 โ Bulls need to reclaim this level for a chance at upward momentum.
2. Mid-Term Target: $0.7000 โ Achieving this would confirm a continued bullish push and regain confidence.
3. Long-Term Goal: $0.7729 โ Testing this previous high again could signal a breakout towards new potential gains.
๐ป Critical Support Levels:
Primary Support: $0.4149 โ Losing this level could see bears dragging the price down further, potentially retesting the lower $0.30 range.
โ ๏ธ Traderโs Note: $COW /USDT is at a crucial juncture; the next few candles will be pivotal in confirming whether this retracement is a pause before continuation or a deeper pullback. Stay vigilant and keep risk management in check as volatility remains high.
Will COW/USDT rebound and make a push for higher ground or fall into deeper consolidation? Keep an eye on these critical levels! ๐๐ฅ
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