$COS recently surged from 0.000829 to 0.001495, delivering roughly an 80 percent move. After such a strong rally the market is now showing signs of cooling off, with price starting to retrace and momentum weakening.

The recent rejection near 0.001495 suggests buyers may be losing strength while sellers begin to step in.

Trade Plan – Short

Entry

0.001320 – 0.001350

Stop Loss

0.001450

Targets

TP1

0.001280

TP2

0.001240

TP3

0.001200

Bearish Signals

• Rejection near 0.001495 forming a possible double top

• Lower lows developing after the peak

• Trading volume decreasing

• Price around 0.001318 struggling to maintain support

If 0.001300 breaks, the next downside areas to watch are 0.001240 and 0.001200.

Key question for traders. Is this simply a healthy retracement or the start of a deeper correction?

Trade $COS here 👇️

COSUSDT

Perp

0.001268

+51.31%