⚠️ Coin $COTI is facing a sharp sell rejection at the supply area and is preparing for a corrective downtrend wave
🔴 Technical direction: strong sell rejection from the upper red supply area
📍 Monitoring zone: 0.01360 – 0.01400
🎯 Corrective price targets:
• Target 1: 0.01326
• Target 2: 0.01300
• Target 3: 0.01270
❌ Invalidation of the scenario: an hourly candle close above 0.01490
💡 Technical rationale: the price encountered a decisive sell rejection immediately upon breaking through the red-shaded supply area and formed a sharp red candle, along with the oscillator being in the overbought zone, neutral momentum, and the dominance of strong bearish bias.
🔴 Technical direction: strong sell rejection from the upper red supply area
📍 Monitoring zone: 0.01360 – 0.01400
🎯 Corrective price targets:
• Target 1: 0.01326
• Target 2: 0.01300
• Target 3: 0.01270
❌ Invalidation of the scenario: an hourly candle close above 0.01490
💡 Technical rationale: the price encountered a decisive sell rejection immediately upon breaking through the red-shaded supply area and formed a sharp red candle, along with the oscillator being in the overbought zone, neutral momentum, and the dominance of strong bearish bias.
