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$COOKIE 1H: Smart Money Reclaiming Key Moving Averages โ Recovery Rally or Fakeout?
โฐ Timeframe: 1H
๐ Market Bias: Neutral โ Bullish
$COOKIE has rebounded from 0.0074 and is now trading around the MA(7), MA(25), and MA(99). This moving-average convergence often precedes a volatility expansion, making the next breakout direction important.
๐ฏ Trade Setup
Trade: LONG (Breakout Confirmation)
Entry Zone: 0.00785 โ 0.00795
Stop Loss: 0.00755
TP1: 0.00815
TP2: 0.00840
TP3: 0.00880
Risk:Reward: โ 1:2.8
Trade Invalidation: A confirmed 1H close below 0.00755 invalidates the bullish setup.
๐ Technical Analysis
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Price Action: Recovery from 0.0074 followed by tight consolidation below resistance.
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Market Structure: Early higher-low formation, but confirmation requires a break above recent swing highs.
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Support: 0.00755โ0.00740
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Resistance: 0.00815, 0.00840, 0.00880
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Moving Averages: MA(7) is above MA(25), while price is testing the MA(99). A sustained hold above all three would strengthen bullish momentum.
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Volume: Buying volume improved during the rebound but has eased during consolidation. A breakout should ideally be supported by expanding volume.
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SMC: Buy-side liquidity is positioned above the recent local highs near 0.00815. A clean sweep could trigger continuation.
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Order Block: Bullish demand is located around 0.00750โ0.00770.
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FVG: A small imbalance below the current price may serve as a healthy retest area before another impulse.
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