THIS TOKEN SURGED FOR 63.18% AFTER BOUNCING FROM ITS SUPPORT: NEXT PRICE ACTION WILL BE...
Most of the altcoins have experienced major increases after BTC has rebounded from the levels where everyone have thought it'd falloff immediately below 49K.
This altcoin is one of them and the potential price action would go like this.
As this altcoin continued to move from 0.0724-0.1189, reclaiming the higher key levels it once had. We're now anticipating another movement that would cause the newly establish short-term resistances to be tested. Currently, #COTI is experiencing great results and the market sentiment surrounding it is filled with excitement. So a realistic perspective would be handed by us in GP.
Taking a closer look at COTI's sudden bounce.
The rejections that happened at 0.1316, 0.1521, 0.1608 are due to the fact that COTI still have to maintain its foothold to break major resistances above 0.2629. Now, the best way to create another rally would be to provide comfort for both buyers and sellers to hold a new price level. The best new key levels would be on top of the previously broken major resistances at 0.0512, 0.0648 & .0677, which are most of the major resistances since 2019.
What's the best way to enter trades for this token?
If you're impatient and can't take a break from the market. Surely, your trades may it be shorts or longs will backfire on you if you don't plan them well. Hence, the best way to enter the market would be to patiently wait for any pullbacks. You can also think like a buyer who's hungry to buy at a discounted price. Always ask yourself, what would be the best and cheapest price to buy COTI? There are still many other strategies you may use to identify optimal spots to enter with but it only takes the word 'patience' to become profitable in this market.
Stay wise, trade cautiously.
#GAINERSPACK #TRADEANDEDUCATE #BinanceSquareFamily #EARNINGDAILY
