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$COW +36% โ BUT THIS RSI SPIKE IS A WARNING, NOT A GREEN LIGHT ๐จ
Everyone's staring at the green candle, but I'm looking at the structural context underneath it.
$COW is up 36% to $0.139, but that's a bounce off a multi-month low of $0.099, still deep inside a downtrend. ๐ 4H RSI spiked from the 40s to 68 โ that's a fast move, not a grind. Volume of 136M COW confirms it: this is violent capital rotation, not organic demand.
๐ก Without a confirmed catalyst โ a release, integration, or listing โ you're buying the chart, not the story. ๐ Risk of a pullback is elevated. Chasing a 36% pop into resistance is a momentum bet, not a value buy.
๐ค So the real question: does anyone have an actual catalyst, or is this just a relief bounce off a multi-month low? ๐ฌ
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
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#COW #Bounce #RSI #Trading #Crypto โก ๐