#COOKIE/USDT BROKEN OUT OF DESCENDING TRAINGLE#COOKIE
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 0.0920, representing a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 0.0950
First target: 0.0974
Second target: 0.1006
Third target: 0.1040
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
COOKIEUSDC
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.
---
🔎 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
COOKIE/USDT on the Verge of a Breakout? Descending Triangle
📊 Complete Technical Analysis
COOKIE/USDT has been forming a classic Descending Triangle since February 2025, indicating prolonged market consolidation. Sellers have been pushing the price down gradually (lower highs), but buyers have strongly defended the horizontal support around $0.16–$0.18.
Now, the price is testing the upper boundary of this structure, signaling a potential explosive breakout.
🔍 Pattern Breakdown
Pattern Name: Descending Triangle
Key Traits:
Lower highs compressing price action
Strong horizontal support zone holding steady
Typically a continuation pattern, but in this case, it can act as a reversal signal if breakout occurs to the upside
Formation Duration: ±6 months
Breakout Confirmation: A daily candle close above ~$0.22 with strong bullish volume
🚀 Bullish Scenario (Upside Breakout)
If COOKIE/USDT successfully breaks above the triangle resistance, here are the potential bullish targets:
Target Price Reason
🎯 Target 1 $0.259 Local resistance zone
🎯 Target 2 $0.299 Key breakout confirmation
🎯 Target 3 $0.407 Measured move from triangle height
🎯 Target 4 $0.626 – $0.700 Historical resistance range
🏁 Final Target $0.842 (ATH Zone) If bullish sentiment fuels momentum
✅ Volume confirmation is crucial. A breakout without strong volume might signal a fakeout.
🛑 Bearish Scenario (Rejection or Breakdown)
On the flip side:
❌ If the price fails to break the triangle resistance (~$0.22) and gets rejected again, we could see a retest of:
Support zone around $0.18
A breakdown below this level could drive the price toward:
$0.140
$0.120
Possibly as low as $0.095 – $0.075 if sentiment worsens
❗ Be cautious of fake breakouts or bear traps near key levels.
📚 Summary & Insights
> The current descending triangle is a textbook setup of “compression under pressure.” If the structure breaks upward with conviction, COOKIE/USDT may enter a powerful bullish trend after months of consolidation.
This setup is ideal for swing traders, breakout traders, or early trend investors seeking solid entries before momentum accelerates.
#COOKIEUSDT #CryptoBreakout #DescendingTriangle #AltcoinAnalysis #BullishReversal #TechnicalAnalysis #TradingView #CryptoTA #AltcoinSetup #ChartPattern




