$COTI (1h): PRICE OUTLOOK
Expect price growth from the current level around 0.0122 to the nearest resistance at 0.0142, followed by a possible pullback to support near 0.0093. Consider long positions with confirmation on a retracement to the demand zone around 0.0093-0.0097; wait for reversal signals on lower timeframes (pin bars, engulfing). Take-profit target is 0.0142, the last high. If price breaks and holds above 0.0142, the uptrend will strengthen, allowing for further gains. The bullish scenario changes if price breaks and holds below 0.0093, potentially reversing down to 0.0078 and lower. Place stop-loss orders beyond recent local lows to protect against false breakouts 😊.
Expect price growth from the current level around 0.0122 to the nearest resistance at 0.0142, followed by a possible pullback to support near 0.0093. Consider long positions with confirmation on a retracement to the demand zone around 0.0093-0.0097; wait for reversal signals on lower timeframes (pin bars, engulfing). Take-profit target is 0.0142, the last high. If price breaks and holds above 0.0142, the uptrend will strengthen, allowing for further gains. The bullish scenario changes if price breaks and holds below 0.0093, potentially reversing down to 0.0078 and lower. Place stop-loss orders beyond recent local lows to protect against false breakouts 😊.