📈 $COS — first wave completed, watching for a second impulse
COS already delivered a strong breakout with volume exploding far above average. After the initial pump, price is now consolidating above the breakout zone instead of fully retracing — usually a constructive sign for bulls.
📊 Technical view
• Massive volume expansion triggered the breakout
• Buyers defended most of the move after profit-taking appeared
• Price remains above all short-term moving averages
• RSI cooled off from extreme levels while holding elevated territory
• Structure looks more like consolidation than a full reversal
👀 What to watch
As long as COS holds above the 0.00124–0.00126 area, the probability of another liquidity push toward the recent highs remains elevated.
⚡ The first impulse brought the attention, but the next move will depend on whether buyers can absorb the current selling pressure. Holding the breakout zone could open the door for a second wave higher. 🚀📊
Not a prediction — just a technical scenario based on current price structure and volume behavior.