🚨 $COTI /USDT ALERT: Approaching Support with Potential Rebound on the 1-Hour Chart! 🚨
Overview: COTI/USDT has faced a sharp decline of around 12.65%, touching a low of 0.09333 before bouncing slightly to 0.0956. The price shows signs of stabilization around key support levels, which could indicate an opportunity for a short-term recovery or further consolidation.
Current Price: 0.0956
Entry Price for Trades: A potential entry around 0.0950, aiming to capitalize on a rebound from the current support.
Key Levels to Watch:
Resistance Levels:
Resistance 1: 0.10068 – A breakout above this could signal renewed bullish momentum.
Resistance 2: 0.10918 – Overcoming this level may attract further buyers.
Resistance 3: 0.11653 – A re-test of this peak could ignite a stronger upward rally.
Support Levels:
Support 1: 0.09333 – A critical level to hold to prevent further downside.
Support 2: 0.09217 – Falling below this level could lead to increased selling pressure.
Take-Profit Targets:
1. Target 1: 0.10068
2. Target 2: 0.10918
3. Target 3: 0.11653
Stop Loss: Set stop-loss at 0.09217 to mitigate downside risk.
Cautionary Note: Traders should monitor the price action around 0.09333 closely. A hold above this level could lead to a potential bounce, while a break below might increase bearish momentum. Remain cautious and watch for stability or breakout signals.
