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Today’s report will include:

  • Updated Technical Analysis

  • Other key market developments

  • Market Psychology

  • Trading Tools

Cookie Bullish Continuation ?

Cooki

In Today’s analysis - COOKIEUSDT - correcting into a region that has multiple technical confluence increasing the probability of a continuation in the trend by establishing a higher low.

Points to consider

  • Bullish Order Block

  • .618 Fibonacci

  • Channel Low Support

  • Swing High Objective

Cookie Coin has undergone a local correction following an upward impulse from approximately the $0.40 mark. This correction can be viewed as healthy, with the .618 Fibonacci level and the bullish order block providing significant support.

Sustaining this support region, evidenced by multiple four-hour candle closes above this level, would indicate immediate strength in the asset. The overarching objective for this trade configuration is to reach the previous swing high. It is crucial to utilize price action judiciously for trade management upon execution.

I trust this analysis proves beneficial.

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