Quick absorption of the momentary drop and perfect reaccumulation for asset $COS is gearing the price for a strong bullish breakout towards the previous peak.
Trade: Buy (Long)
Entry: 0.001370 - 0.001398
Targets: 0.001440 | 0.001475 | 0.001510
Stop Loss: 0.001330
The price has successfully held and stabilized above the EMA 7 average after a temporary profit-taking, indicating the end of the momentary correction. The quick return is supported by the RSI stabilizing at 56.48 in a solid neutral zone, providing the price ample room to build momentum and surge strongly to surpass resistance at 0.001478.
Trade here: $COS
#Contentos #Futures #Binance
Trade: Buy (Long)
Entry: 0.001370 - 0.001398
Targets: 0.001440 | 0.001475 | 0.001510
Stop Loss: 0.001330
The price has successfully held and stabilized above the EMA 7 average after a temporary profit-taking, indicating the end of the momentary correction. The quick return is supported by the RSI stabilizing at 56.48 in a solid neutral zone, providing the price ample room to build momentum and surge strongly to surpass resistance at 0.001478.
Trade here: $COS
#Contentos #Futures #Binance