🚨$COTI /USDT Technical Analysis Report🚨

Overview:

Current Price: $0.13089

Over the past 24 hours, COTI/USDT has demonstrated significant upward momentum, gaining +25.78%.

The price surged from a 24h low of $0.10110 to a 24h high of $0.15667, signaling strong bullish sentiment.

The chart shows a clear uptrend with a brief pullback, potentially forming a base for another breakout.

Key Levels:

Resistance Levels (Yellow Lines):

$0.13500 – Short-term resistance from recent highs.

$0.15667 – Major 24h high; critical breakout level for further upside.

Support Levels (Green Lines):

$0.12500 – Immediate support; a key level for holding the bullish structure.

$0.10110 – Strong daily low and a critical base level.

Indicators:

RSI (6): 50.73 – Neutral zone; watch for divergence to confirm continuation or reversal.

Moving Averages (MA):

Short-term MA (Bullish Crossover): Indicates upward momentum.

EMA Support: COTI is trading above the 50 and 200 EMA, reflecting bullish momentum.

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Trade Signals

Short Trade Signal:

Entry Price: $0.12500

Stop Loss: $0.13000

Take-Profit Targets:

TP1: $0.11500

TP2: $0.10500

TP3: $0.10110

Long Trade Signal:

Entry Price: $0.13200 (Current Price)

Stop Loss: $0.12500

Take-Profit Targets:

TP1: $0.14000

TP2: $0.15000

TP3: $0.15600

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Cautionary Note:

Breakout Watch: Keep an eye on the $0.13500 level; a breakout above this could trigger a rally toward $0.15000 and beyond.

Volume Confirmation: Monitor trading volume to confirm the strength of moves.

Market Sentiment: Adjust positions in response to Bitcoin's movements, as it often impacts altcoins like COTI.

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