$COTI Long Liquidation Alert.

A major liquidation just occurred.

$1,580 worth of long positions were liquidated at a key price level of $0.11023. This signals that the bears have taken control, pushing the price lower and causing leveraged long traders to lose their positions.

What This Means for Traders:

1. Current Sentiment:

The liquidation suggests increased bearish pressure, likely due to aggressive selling or a lack of buyer demand.

2. Technical Analysis Insight:

Support Zone to Watch: The next key support level could be near $0.105, where buyers might step in.

Resistance Zone: If bulls regain control, expect resistance around $0.115, the recent breakdown area.

3. Market Impact:

Such liquidations often trigger volatility, leading to unpredictable price movements.

Watch for cascading effects if more long positions are liquidated at lower levels.

Trading Strategy:

Short-Term Traders:

Consider short opportunities if the price breaks below $0.108, with a target near $0.105 and a stop-loss above $0.112.

Long-Term Investors:

Wait for signs of consolidation and a potential reversal before entering new positions.

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