$COS is currently facing intense selling pressure, showing a sharp 41% correction over the last 24 hours. The price has breached key support levels, shifting the short-term structure to bearish as volume remains moderate at $0.88M.
Technical levels to watch:
- Support: $0.000220
- Resistance: $0.000280
- Strategy: Avoid aggressive bottom-fishing. A reclaim of $0.000280 is needed to invalidate the current downtrend. If support at $0.000220 fails, we could see a test of lower liquidity zones. Use tight stop-losses if entering for a bounce.
Exercise caution and wait for stabilization before accumulating. Click $COS to view live charts and trade on Binance.
#COS #BinanceSquare
Technical levels to watch:
- Support: $0.000220
- Resistance: $0.000280
- Strategy: Avoid aggressive bottom-fishing. A reclaim of $0.000280 is needed to invalidate the current downtrend. If support at $0.000220 fails, we could see a test of lower liquidity zones. Use tight stop-losses if entering for a bounce.
Exercise caution and wait for stabilization before accumulating. Click $COS to view live charts and trade on Binance.
#COS #BinanceSquare