$COTI /USDT TECHNICAL ANALYSIS ‼️ ‼️

Support and resistance levels:

- Support: The primary support is at 0.09014, which is the 24-hour low. If this level breaks, the next significant support is around 0.07807, a previous swing low.

- Resistance: The immediate resistance is at 0.09794, which is the 24-hour high. Beyond that, 0.11653 serves as a key resistance level, marking the recent high.

Market insights:

1. The price is currently at 0.09695, reflecting a 5.62 percent increase, indicating bullish momentum.

2. The RSI is at 46.16, suggesting neutral conditions with room for upward or downward movement. The market is neither overbought nor oversold, making it critical to wait for confirmation.

3. The MACD histogram is slightly positive with DIF at 0.00094 and MACD at 0.00086. This hints at a weak bullish crossover, but further confirmation is required for a strong trend.

Trade signals:

- Long position: Consider entering a long trade if the price breaks above 0.09794 with strong volume. Target 0.11653 as the next resistance, with a stop-loss at 0.09014 to limit downside risk.

- Short position: Consider entering a short trade if the price breaks below 0.09014. Target 0.07807 as the next support level, with a stop-loss at 0.09794 to prevent losses in case of a rebound.

General recommendations:

- Monitor the volume to confirm any breakout above resistance or breakdown below support.

- Pay attention to overall market sentiment and Bitcoin’s performance, as they strongly influence altcoin trends like COTI.

- For precision, use shorter timeframes (15-minute or 1-hour charts) to verify entries and exits when trading based on the RSI and MACD signals.