Cosmos prices are nearing the resistance of the downward channel. The coin bounced from the bottom at $8.2410 on August 7 and is moving up. It could likely reach the channel resistance at $8.6020-8.6470. So, it could be interesting to consider short trades from this area targeting 8.2410, the low of August 7, The stop-loss could be placed slightly above 8.7680, the high of August 3.