🚨 $COTI /USDT Technical Analysis: Breaking Out with Strong Momentum! 🚨

$COTI is trading at 0.17966, up by an impressive 21.52% in the past 24 hours. The price has reached a 24-hour high of 0.18190, with bullish sentiment driving strong upward movement.

Key Levels to Watch:

1. Resistance 1: 0.18200 – A breakout above this level could confirm continued bullish momentum.

2. Resistance 2: 0.19000 – Sustaining buying pressure might push the price toward this significant target.

3. Support Level: 0.17500 – Holding this level is critical to avoid a short-term retracement.

Trade Setup and Targets:

Bullish Scenario: A breakout above 0.18200 could lead to targets at 0.18600, 0.19000, and potentially 0.19500.

Bearish Scenario: Failure to hold above 0.17500 could result in a pullback toward 0.17000 or even 0.16500.

Recommendation:

Keep a close eye on the price near 0.18200 for a breakout confirmation. Set stop-loss orders near 0.17200 to minimize downside risk. The bullish trend looks strong, but manage trades cautiously amidst high volatility.

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