🚀💥Technical analysis and trading signals for the $COTI /USDT pair
Current price: $0.17191 (+18.32%)
Highest price in 24 hours: $0.17400
Lowest price in 24 hours: $0.13046
Trading volume: $21.97 million
Technical analysis:
1. Direction:
An increase of 18.32% indicates strong upward momentum and heavy buying pressure.
2. Support levels:
Nearby support: $0.16500
Strong support: $0.15000
3. Resistance levels:
Nearby resistance: $0.17400
Major Resistance: $0.18000
4. Technical indicators:
RSI: Close to overbought zone (~72), which may indicate a slight correction.
MACD: Positive crossover, confirming bullish momentum.
Average movement:
50 EMA: $0.15000 (strong support area).
200 EMA: $0.14000.
5. Trading volume:
Significant increase in volume, supporting the uptrend.
Trading signals:
Entry area:
Bold Entry: $0.17000 - $0.17200.
Wallet entry: $0.16000 - $0.16500.
Profit goals:
🎯 Goal 1: $0.17800
🎯 Goal 2: $0.18500
🎯 Goal 3: $0.19500
Stop loss:
Below $0.16000 to reduce risk.
Strategy:
Watch for price correction at $0.16500 - $0.17000 for entry.
Adjust stop loss as price moves towards targets.
Continued bullish momentum could push the price towards $0.19500 if market conditions remain supportive.
#2024withBinancs #Xrp🔥🔥 #Bisance $COTI
