#COSMOS/SUSDT Bullish Pullback in Uptrend Emerging
Setting up a trade:
Possible bullish trend forming with price making Higher Highs and Higher Lows. Price was rejected 2x at $17 resistance. Pullback near $12.50-14.00 support could be a swing entry point, with upside potential back to $17 resistance zone. (set a price alert).
As a trend:
Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV ( On Balance Volume ):
Is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance:
Nearest Support Zone is $12.50, then $10.00. The nearest Resistance Zone is $14.00 (previous support), then $17.00, and $20.00.
Possible bullish trend forming with price making Higher Highs and Higher Lows. Price was rejected 2x at $17 resistance. Pullback near $12.50-14.00 support could be a swing entry point, with upside potential back to $17 resistance zone. (set a price alert).
As a trend:
Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV ( On Balance Volume ):
Is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance:
Nearest Support Zone is $12.50, then $10.00. The nearest Resistance Zone is $14.00 (previous support), then $17.00, and $20.00.
This idea is still valid.
You guys can Scalp this trade 10$ to 12.50$.