$COS /USDT – 15m Chart Read
COS flushed into the 0.001198 area, where buyers stepped in decisively and defended the zone with a sharp wick-and-reclaim. That reaction defines 0.001198 as a key intraday support, signaling sell-side momentum exhaustion after the drop.
Price is now consolidating around 0.001205–0.001212, stabilizing just beneath short-term moving averages. Momentum has cooled following the impulsive selloff, and the bounce came with volume expansion — a sign that demand absorbed the sell pressure and late sellers are getting trapped below.
Overhead, resistance is layered at 0.001214–0.001223, followed by a heavier zone near 0.001224–0.001230, where the descending MA(99) and prior structure converge. A reclaim through these levels would signal momentum expansion and shift the structure toward a short-term recovery attempt.
Bias remains bearish-to-neutral while price trades below 0.001223, keeping the broader structure heavy. Caution level is 0.001198 — losing that support would weaken the base and favor downside continuation. For now, the tape favors consolidation with a mild continuation bias, as buyers continue to defend the lows and downside pressure fades.
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