You’re watching $COTI —are you also thinking: it’s already been pushed down to 0.0184, but isn’t bouncing yet, so should you cut your losses and run?
The hourly chart’s wick briefly poked down to 0.018411, then it was pulled back immediately. The close is 0.018715, holding above 0.0184. This isn’t mindless dumping—someone is buying at the low end. The 24-hour trading volume is $35.61 million; the volume hasn’t shrunk, which suggests bulls and bears are still fighting—not a one-sided capitulation.
Support is pinned right at the 0.0184 line. If it breaks, don’t hesitate. For resistance, first look at 0.0195; once it breaks through, then talk about the prior high around 0.0214. Set your stop-loss below 0.0182. If you’re betting on a rebound, look at the move from 0.0195 to 0.0214. Risking 0.0005 to potentially gain 0.0028—whether it’s worth it is up to you to calculate.
So what are the buy orders hoping for right now? And what are the people who already stopped out trying to avoid?
#COTI
The hourly chart’s wick briefly poked down to 0.018411, then it was pulled back immediately. The close is 0.018715, holding above 0.0184. This isn’t mindless dumping—someone is buying at the low end. The 24-hour trading volume is $35.61 million; the volume hasn’t shrunk, which suggests bulls and bears are still fighting—not a one-sided capitulation.
Support is pinned right at the 0.0184 line. If it breaks, don’t hesitate. For resistance, first look at 0.0195; once it breaks through, then talk about the prior high around 0.0214. Set your stop-loss below 0.0182. If you’re betting on a rebound, look at the move from 0.0195 to 0.0214. Risking 0.0005 to potentially gain 0.0028—whether it’s worth it is up to you to calculate.
So what are the buy orders hoping for right now? And what are the people who already stopped out trying to avoid?
#COTI