$COTI

/USDT - Technical Analysis & Trade Signal💯🔥

Current Price: $0.12788

Trend: Bullish Momentum (6.81% increase in the last 24h)

Support:

The price has found support around $0.11910 (24h Low).

Watch for any price action near $0.12500 for additional confirmation of support.

Resistance:

The 24h high at $0.12854 is key resistance. A break above this level could signal further upward momentum.

Trade Signal:

Long Entry: Consider entering a buy trade near current levels around $0.12788 or on any pullback to $0.12500 (support).

Stop-Loss: Set a stop around $0.11900 for risk management.

Take Profit Targets:

Target 1: $0.13000

Target 2: $0.13300

Target 3: $0.13500 (if strong bullish momentum continues)

Momentum:

The recent upward movement suggests moderate bullish momentum. Watch for signs of breakout past $0.12854, which could confirm a continuation of the uptrend. Momentum indicators (e.g., RSI and MACD) could further confirm strength above the current levels.

Trade Recommendation: A long position with a focus on taking profits at the mentioned target levels, while managing risks using stop-loss.