$COW - here's the state of play across the timeframes.
There's supply at 0.1249 – 0.1292, but it formed on light volume — a speed bump, not a ceiling. Downside is a bit of a void: no surviving buy zone below spot. If it drops, nothing structural catches it near-term.
The 4H is flat but the hourly has turned up inside the range — early sign buyers are getting active. I'd want the 15m to join before calling it a breakout attempt.
Whichever level gets tested first probably decides the week. Trade here 👇
There's supply at 0.1249 – 0.1292, but it formed on light volume — a speed bump, not a ceiling. Downside is a bit of a void: no surviving buy zone below spot. If it drops, nothing structural catches it near-term.
The 4H is flat but the hourly has turned up inside the range — early sign buyers are getting active. I'd want the 15m to join before calling it a breakout attempt.
Whichever level gets tested first probably decides the week. Trade here 👇
