$COTI
/USDT - Technical Analysis & Trade Signal💯🔥
Current Price: $0.12788
Trend: Bullish Momentum (6.81% increase in the last 24h)
Support:
The price has found support around $0.11910 (24h Low).
Watch for any price action near $0.12500 for additional confirmation of support.
Resistance:
The 24h high at $0.12854 is key resistance. A break above this level could signal further upward momentum.
Trade Signal:
Long Entry: Consider entering a buy trade near current levels around $0.12788 or on any pullback to $0.12500 (support).
Stop-Loss: Set a stop around $0.11900 for risk management.
Take Profit Targets:
Target 1: $0.13000
Target 2: $0.13300
Target 3: $0.13500 (if strong bullish momentum continues)
Momentum:
The recent upward movement suggests moderate bullish momentum. Watch for signs of breakout past $0.12854, which could confirm a continuation of the uptrend. Momentum indicators (e.g., RSI and MACD) could further confirm strength above the current levels.
Trade Recommendation: A long position with a focus on taking profits at the mentioned target levels, while managing risks using stop-loss.