From time to time, a pair appears on the market, the name of which itself brings a smile. โบ๏ธ Today itโs COW/USDT, and if youโre also picturing running cows ๐ on a green meadow (or on the chart), you are not alone! Letโs figure out where to graze this 'herd' and how to make money on such a pair.
Bull scenario: The herd on green meadows ๐พ
After a rapid rise from $0.62 to $1.04, the price took a small break and is grazing around $0.93โ$1.04.
What to do:
1. Purchase on a bounce from support $0.93โ$0.94. The herd has already trampled the meadow here, and the bulls are ready for a new surge.
2. Target: Testing the maximum of $1.04 and moving to new 'pastures' in the area of $1.10โ$1.16.
3. Stop-loss: Set below $0.91 โ if the herd decides to 'run away', the risks are minimal.
Advice from the shepherd ๐งโ๐พ: Always check the volumes! If the cows are gathering in a tight formation at support (high volumes), itโs a sure sign that itโs time to 'get in the saddle'.
Bear scenario: Tired cows resting ๐ป
The problem is that cows sometimes get tired. Resistance at $1.04 has already 'driven the herd back' several times.
What to do:
1. If the price doesnโt hold above $1.04, itโs time to consider selling. Bears are waiting for the moment to blow off the 'steam' of the bulls.
2. Target: Pullback to the area of $0.93โ$0.94, where you can look for purchases again.
3. Stop-loss: Just above $1.06 in case of an unexpected 'herd' impulse upwards.
Trader life hack: Watch the RSI โ itโs already in the overbought zone. If the indicator shows '80+', it means the bulls are slightly overheated. Soon someone will shout 'STOP', and the cows will scatter.
Moral of the story: Cows ๐ are not just a DeFi symbol
When the COW/USDT chart starts to look like a sprint of the herd towards the horizon, you have a choice:
โข Graze the bulls and take your profit at new highs.
โข Join the bears and bring the herd back to base at lower prices.
Final recommendations:
โข Long from $0.93 with a target of $1.10 โ the bull trend is not over yet.
โข Short from $1.04, if the price starts to lose strength.
I will sell the herd of cows ๐๐๐ ๐, who is with me? ๐
Who is grazing cows with me, ๐ please donโt forget to drag the Stop loss into profit!
Strange Fact Binance and Cows ๐ in collusion,
we didn't close the order at take-profit!
Cows have been grazed, all to the watering hole! ๐๐๐
Closed by hand!
If this idea resonated, hit like, tell a friend, or just subscribe โ together we will graze the 'market' and find new green pastures!
