COOKIE / USDT — Final Support Test: Breakout or Breakdown?📊 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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