🚨
$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.
---
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
---
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.
#COTI #CryptoTrading #BinanceSignals #Altcoin #CryptoAnalysis