📊 Overview
COOKIE price is currently sitting at a critical decision point: resting right on the major support zone (yellow box) that has held multiple times, while also being pressed down by a long-term descending trendline from January 2025. This forms a classic descending triangle pattern — historically a bearish continuation, but in crypto it can also act as an accumulation base before a strong breakout.
In short, the market is in a make-or-break phase.
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🔎 Pattern & Price Structure
1. Descending Triangle
Clear lower highs from the 0.825 peak.
Horizontal support zone (yellow box) repeatedly absorbing selling pressure.
Price now squeezed into the apex → signaling that a strong move is imminent.
2. Support Zone (Demand Area)
The 0.12 – 0.13 region is the last line of defense for bulls.
A breakdown below this would validate the bearish structure.
3. Key Resistance Levels
0.1658 → first breakout target.
0.2195 → key resistance above the breakout zone.
0.3074 → major resistance, ideal swing target.
0.5806 → long-term bullish extension if momentum sustains.
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🚀 Bullish Scenario
Catalyst: confirmed breakout above descending trendline with strong 2D candle close + increased volume.
Additional validation: successful retest of the breakout line showing buyers’ dominance.
Upside targets:
Target 1: 0.1658 (≈ +27%)
Target 2: 0.2195 (≈ +69%)
Target 3: 0.3074 (≈ +137%)
Extended target: 0.5806 (multi-month rally potential).
Bullish strategy: enter on confirmation, take profits gradually, and move stop-loss to breakeven after first target is hit.
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🐻 Bearish Scenario
Catalyst: breakdown below the yellow support zone (close 2D < 0.12).
Downside targets:
0.09 (≈ -30% from current price).
0.065 (≈ -50%).
Extreme case: retest historical low at 0.0192 (≈ -85%).
Bearish strategy: beware of false breakdowns (long wicks below support quickly reclaimed). Always wait for confirmation.
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📌 Trading Strategy & Risk Management
Conservative traders: wait for a clear breakout/breakdown confirmation on the 2D timeframe.
Aggressive traders: may play the bounce off support, but must use strict stop-loss just below the yellow zone.
Position sizing: limit risk per trade (1–2% of capital) given the potential volatility once the pattern resolves.
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📝 Conclusion
COOKIE is at a critical junction. The descending triangle often favors the bears, but in crypto, patterns are frequently invalidated by short squeezes or hidden accumulation. A confirmed breakout could spark a strong rally toward 0.1658 – 0.3074, while a breakdown may drag price below 0.09 and even to 0.065.
Bottom line: COOKIE is in an energy build-up phase. The next breakout or breakdown will likely define the medium-term trend — whether COOKIE becomes a “big winner rally” or continues deeper correction.
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#COOKIE #CookieDAO #CryptoAnalysis #Altcoins #DescendingTriangle #SupportResistance #TradingStrategy #CryptoTrading #PriceAction
COOKIE price is currently sitting at a critical decision point: resting right on the major support zone (yellow box) that has held multiple times, while also being pressed down by a long-term descending trendline from January 2025. This forms a classic descending triangle pattern — historically a bearish continuation, but in crypto it can also act as an accumulation base before a strong breakout.
In short, the market is in a make-or-break phase.
---
🔎 Pattern & Price Structure
1. Descending Triangle
Clear lower highs from the 0.825 peak.
Horizontal support zone (yellow box) repeatedly absorbing selling pressure.
Price now squeezed into the apex → signaling that a strong move is imminent.
2. Support Zone (Demand Area)
The 0.12 – 0.13 region is the last line of defense for bulls.
A breakdown below this would validate the bearish structure.
3. Key Resistance Levels
0.1658 → first breakout target.
0.2195 → key resistance above the breakout zone.
0.3074 → major resistance, ideal swing target.
0.5806 → long-term bullish extension if momentum sustains.
---
🚀 Bullish Scenario
Catalyst: confirmed breakout above descending trendline with strong 2D candle close + increased volume.
Additional validation: successful retest of the breakout line showing buyers’ dominance.
Upside targets:
Target 1: 0.1658 (≈ +27%)
Target 2: 0.2195 (≈ +69%)
Target 3: 0.3074 (≈ +137%)
Extended target: 0.5806 (multi-month rally potential).
Bullish strategy: enter on confirmation, take profits gradually, and move stop-loss to breakeven after first target is hit.
---
🐻 Bearish Scenario
Catalyst: breakdown below the yellow support zone (close 2D < 0.12).
Downside targets:
0.09 (≈ -30% from current price).
0.065 (≈ -50%).
Extreme case: retest historical low at 0.0192 (≈ -85%).
Bearish strategy: beware of false breakdowns (long wicks below support quickly reclaimed). Always wait for confirmation.
---
📌 Trading Strategy & Risk Management
Conservative traders: wait for a clear breakout/breakdown confirmation on the 2D timeframe.
Aggressive traders: may play the bounce off support, but must use strict stop-loss just below the yellow zone.
Position sizing: limit risk per trade (1–2% of capital) given the potential volatility once the pattern resolves.
---
📝 Conclusion
COOKIE is at a critical junction. The descending triangle often favors the bears, but in crypto, patterns are frequently invalidated by short squeezes or hidden accumulation. A confirmed breakout could spark a strong rally toward 0.1658 – 0.3074, while a breakdown may drag price below 0.09 and even to 0.065.
Bottom line: COOKIE is in an energy build-up phase. The next breakout or breakdown will likely define the medium-term trend — whether COOKIE becomes a “big winner rally” or continues deeper correction.
---
#COOKIE #CookieDAO #CryptoAnalysis #Altcoins #DescendingTriangle #SupportResistance #TradingStrategy #CryptoTrading #PriceAction
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.