【$COS】Short, 4H Volume Breakout/Sell Pressure Undigested/Rally as Entry Point


$COS On the 4-hour level, volume dropped below the 0.0018 key support level, with insufficient buying support. Rallies to the EMA20 level are immediately met with selling pressure. Although there's a recent 1-hour rally, trading volume has shrunk significantly and buying depth is extremely weak, with heavy sell walls above. This is a typical downtrend continuation pattern. The risk of chasing highs at the current position far outweighs potential gains; patiently waiting for rally exhaustion is the more prudent choice.
🎯 Direction: Short⚡ Entry: 0.001728 - 0.001735🚀 Target: 0.001600 / 0.001500🛑 Stop Loss: 0.001797🛡️ Strategy: Enter in batches as price rallies to resistance zones, consider adding positions if it breaks below previous lows, implement strict stop losses.
View Real-Time Chart 👇 $COS
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