$COS Rally approaching resistance while momentum begins to weaken
Trading Plan Short $COS
Entry: 0.00178 – 0.00188
SL: 0.00200
TP: 0.00165
TP: 0.00152
TP: 0.00140
The move higher managed to extend, but the pace of the rally is starting to slow as price pushes into this area. Buyers were able to drive the advance for a while, though the latest candles show less follow-through and the structure is becoming increasingly uneven.
Instead of a strong continuation, price now appears to be grinding upward into resistance, which often signals that buying pressure is losing strength.
When momentum begins to fade like this, it usually opens the door for sellers to step back in and trigger a corrective move.
If the upside fails to regain strength here, a pullback toward the lower levels becomes the more likely scenario.
$COS
Trading Plan Short $COS
Entry: 0.00178 – 0.00188
SL: 0.00200
TP: 0.00165
TP: 0.00152
TP: 0.00140
The move higher managed to extend, but the pace of the rally is starting to slow as price pushes into this area. Buyers were able to drive the advance for a while, though the latest candles show less follow-through and the structure is becoming increasingly uneven.
Instead of a strong continuation, price now appears to be grinding upward into resistance, which often signals that buying pressure is losing strength.
When momentum begins to fade like this, it usually opens the door for sellers to step back in and trigger a corrective move.
If the upside fails to regain strength here, a pullback toward the lower levels becomes the more likely scenario.
$COS