$COTI In this rebound, it feels like we've hit a resistance level again.
The price bounced from around 0.0126 up to 0.01349, but it was right at the upper Bollinger Band 0.01362 and got pushed back. This suggests there really are a lot of sell orders at this level. The MACD has already turned green; the fast and slow lines have formed a dead cross above the zero line, and short-term momentum has clearly weakened. Volume also hasn't kept up—on a shrinking-volume rebound, follow-through usually isn’t great. If 0.0132 can’t hold, the likelihood of a pullback toward around 0.0128 is higher.
Entry: 0.013172
Stop loss: 0.013500
Take profit: 0.012500
$COTI - Short 🔻
Enter from below👇
The price bounced from around 0.0126 up to 0.01349, but it was right at the upper Bollinger Band 0.01362 and got pushed back. This suggests there really are a lot of sell orders at this level. The MACD has already turned green; the fast and slow lines have formed a dead cross above the zero line, and short-term momentum has clearly weakened. Volume also hasn't kept up—on a shrinking-volume rebound, follow-through usually isn’t great. If 0.0132 can’t hold, the likelihood of a pullback toward around 0.0128 is higher.
Entry: 0.013172
Stop loss: 0.013500
Take profit: 0.012500
$COTI - Short 🔻
Enter from below👇
