$COW Current Price: $0.1370
Bias: ๐ด SHORT โ on confirmation
Strong rejection from $0.1943 after a sharp pump.
Price is now forming lower highs/lower lows on the 1H chart.
RSI is 57, showing momentum has cooled but is not yet oversold.
Bollinger midline: $0.1279 โ key support.
Resistance: $0.145โ$0.155, then $0.172โ$0.180.
Short Entry: $0.143โ$0.150 on rejection
TP1: $0.132
TP2: $0.128
TP3: $0.118
SL: $0.158
Bullish invalidation: A strong 1H close above $0.158 could shift momentum back toward $0.172โ$0.180.
โ ๏ธ Best approach: Don't short directly at $0.137 after the drop. Wait for a bounce/rejection or a confirmed break below $0.128. Use low leverage and strict risk management.
Recent market analysis also flags COW as stretched after its rapid rally, while the broader 1H structure remains vulnerable to a pullback.
#cows #cowusdt