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$COS – Bearish Pullback Setup Developing With Momentum Fading at Resistance
Trade Setup: Short $COS
• Entry Zone: 0.00136 – 0.00140
• Target 1: 0.00130
• Target 2: 0.00124
• Target 3: 0.00118
• Stop Loss: 0.00149
Price is displaying clear rejection from the upper resistance area, marked by multiple wicks and a lack of meaningful follow-through from buyers. Lower highs are beginning to form in the wake of the recent pump, signaling that sellers are actively stepping in to cap any further upside. This weakening structure points toward a pullback move with the listed targets serving as the key levels to watch on the way down.
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