BTC $63,706.00 ▲ 1.02% ETH $1,862.49 ▲ 0.32% USDT $0.9989 ▼ 0.02% BNB $590.29 ▲ 0.98% XRP $1.08 ▼ 0.34% SOL $73.46 ▲ 0.46% DOGE $0.0702 ▼ 0.33% SHIB $0.00000487 ▼ 2.95% PEPE $0.0000029 ▼ 0.63% BTC $63,706.00 ▲ 1.02% ETH $1,862.49 ▲ 0.32% USDT $0.9989 ▼ 0.02% BNB $590.29 ▲ 0.98% XRP $1.08 ▼ 0.34% SOL $73.46 ▲ 0.46% DOGE $0.0702 ▼ 0.33% SHIB $0.00000487 ▼ 2.95% PEPE $0.0000029 ▼ 0.63%
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Piyasa Stablecoin

COOKIEUSDT: Bearish Momentum Favors Continuation Toward 0.007453

COOKIEUSDT: Bearish Momentum Favors Continuation Toward 0.007453

COOKIEUSDT Perpetual Contract BYBIT:COOKIEUSDT.P

COOKIEUSDT remains under bearish pressure on the 15-minute chart after failing to establish a sustained recovery from the recent sell-off. Price is consolidating below a lower-high structure, suggesting sellers continue to control the short-term trend.

The proposed short entry is around 0.007619, with resistance and trade invalidation placed at 0.007703. As long as price remains below this level, the bearish outlook remains intact.

The downside objective is 0.007453, offering approximately 2.18% potential profit versus 1.10% risk, resulting in a risk/reward ratio of approximately 1.98. A rejection from the current resistance zone would strengthen the probability of another leg lower.

Trade Setup
Direction: SHORT
Entry: 0.007619
Target: 0.007453
Stop Loss: 0.007703
Potential Profit: ~2.18%
Potential Risk: ~1.10%
Risk/Reward: ~1.98

A sustained move above 0.007703 would invalidate the bearish setup. Until then, the prevailing downtrend favors continuation toward 0.007453.

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