$COTI

/USDT Technical Analysis and Trade Signal🚀🎯

Current Market Data

Price: $0.14324

24h High/Low: $0.15667 / $0.10110

Volume: High (Bullish Momentum)

Bollinger Bands: Price is above the Upper Band ($0.14108), indicating strong momentum but potential overbought conditions.

SAR: $0.13303 (Below the price, confirming a bullish trend).

Momentum Analysis

Trade Momentum: Bullish

The price surge, coupled with breaking the upper Bollinger Band and SAR support, suggests strong upward momentum. However, watch for overbought conditions and retracements near key resistance levels.

Trade Signal

Direction: Long (Buy)

Entry Zone: $0.14000 - $0.14500 (Current range offers a good entry as long as momentum sustains).

Target Levels 🎯

1. Target 1: $0.15000 (Minor Resistance; psychological level)

2. Target 2: $0.15667 (24h High; breakout potential above this level signals strong continuation).

3. Target 3: $0.16500 (Extended rally target, aligning with Fibonacci resistance).

Stop Loss: $0.13300

Place the stop loss below the SAR and Bollinger Middle Band for risk management.

Key Notes

If the price pulls back and consolidates around the Bollinger Middle Band ($0.13532), re-evaluate for a potential re-entry.

High volume supports bullish sentiment, but stay vigilant for signs of profit-taking near the upper resistance.

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