$COTI – Strong rally targeting nearby supply zones amidst overbought conditions
📍 Watch Zone:
0.02200 – 0.02227
🎯 Target Levels:
Target 1: 0.02120
Target 2: 0.02080
Target 3: 0.02031
⚠️ Scenario Invalidation:
A breakout and 45-minute candle close above the 0.02349 level
📊 Technical Analysis:
On the 45-minute timeframe, the COTI/USDT pair has experienced a rapid, impulsive rise from the recent support level, bringing the price close to upper resistance/supply zones. This coincides with technical indicators entering overbought territory.
Technical readings suggest a likely test of the specified watch zone and a subsequent reaction; the price is expected to initiate a corrective move to cool down indicators and pull back toward the target levels, closer to the lower moving average.
$COTI
📍 Watch Zone:
0.02200 – 0.02227
🎯 Target Levels:
Target 1: 0.02120
Target 2: 0.02080
Target 3: 0.02031
⚠️ Scenario Invalidation:
A breakout and 45-minute candle close above the 0.02349 level
📊 Technical Analysis:
On the 45-minute timeframe, the COTI/USDT pair has experienced a rapid, impulsive rise from the recent support level, bringing the price close to upper resistance/supply zones. This coincides with technical indicators entering overbought territory.
Technical readings suggest a likely test of the specified watch zone and a subsequent reaction; the price is expected to initiate a corrective move to cool down indicators and pull back toward the target levels, closer to the lower moving average.
$COTI
