$COTI just ripped nearly 20% straight into a local resistance level that has rejected price multiple times. No clean retest, no buildup, just a vertical launch that immediately produced shaky candles and long wicks. This is the exact kind of level that traps both late chasers and early shorts.

Short Entry: 0.02990 – 0.03010

Take Profit: 0.02860

Stop-Loss: 0.03055

My take:

This zone offers no clarity. The move is fresh, liquidity is thin, and the price is sitting inside a messy resistance band with no structural support underneath. If someone insists on trading this, fading the top has a better logic, but the reality is simple: this setup carries no real edge and is one of the worst spots to force a position.