$COW Surged 28% in Two Hours, Then Gave Back Half
From 9 to 11 this morning (9–11 p.m. Beijing time), COW perpetuals rose from 0.1182 to 0.1517. The 10 a.m. 1-hour candle saw 30.6 million U in trading volume.
Currently at 0.1344, with about half of the gains erased.
Funding rate: -0.58%; the contract price is about 1.6% below the index, so shorts are paying.
My plan:
Watch zone: 0.1319–0.1338 (11 a.m. close, 12 p.m. low)
If it breaks below 0.1265, the setup is invalidated (below the 0.1270 wick high from 7 a.m.)
First watch 0.1448 above, then 0.1517
Do you think it’ll revisit 0.127 first, or test 0.15 again?
The above does not constitute investment advice.
From 9 to 11 this morning (9–11 p.m. Beijing time), COW perpetuals rose from 0.1182 to 0.1517. The 10 a.m. 1-hour candle saw 30.6 million U in trading volume.
Currently at 0.1344, with about half of the gains erased.
Funding rate: -0.58%; the contract price is about 1.6% below the index, so shorts are paying.
My plan:
Watch zone: 0.1319–0.1338 (11 a.m. close, 12 p.m. low)
If it breaks below 0.1265, the setup is invalidated (below the 0.1270 wick high from 7 a.m.)
First watch 0.1448 above, then 0.1517
Do you think it’ll revisit 0.127 first, or test 0.15 again?
The above does not constitute investment advice.
