$COTI Losing Bullish Momentum | Short Setup.........
$COTI is showing a sharp rejection after a strong rally into resistance. If buyers fail to reclaim the recent high, the price could enter a healthy pullback toward key support levels.
Trade Setup
Entry: $0.01445 – $0.01460
Take Profit
TP1: $0.01400
TP2: $0.01350
TP3: $0.01280
Stop Loss
SL: $0.01590
Analysis
COTI has printed a strong rejection candle after an impulsive move higher, indicating profit-taking and increasing selling pressure. As long as the price remains below the recent swing high, the bearish outlook remains valid and favors a move toward the downside targets.
Trade $COTI
$COTI is showing a sharp rejection after a strong rally into resistance. If buyers fail to reclaim the recent high, the price could enter a healthy pullback toward key support levels.
Trade Setup
Entry: $0.01445 – $0.01460
Take Profit
TP1: $0.01400
TP2: $0.01350
TP3: $0.01280
Stop Loss
SL: $0.01590
Analysis
COTI has printed a strong rejection candle after an impulsive move higher, indicating profit-taking and increasing selling pressure. As long as the price remains below the recent swing high, the bearish outlook remains valid and favors a move toward the downside targets.
Trade $COTI