$COTI Bearish, Market entry: 0.009913
TP1 below: 0.0085112 (first take-profit)
TP2 below: 0.0078803 (second take-profit)
DCA: 0.01026 (add-on bounce watch level)
SL: 0.010607 (stop-loss exit)
COTI is down 12% today, shorts are in control. A bounce toward 0.01026 is the chance to add shorts — don't rush to catch the falling knife. Long/short ratio at 0.55, short accounts are clearly more crowded, funding is also on the low side, so shorts aren't overextended.
If price reclaims 0.010607, cut the position immediately — don't stubbornly hold the short.
TP1 below: 0.0085112 (first take-profit)
TP2 below: 0.0078803 (second take-profit)
DCA: 0.01026 (add-on bounce watch level)
SL: 0.010607 (stop-loss exit)
COTI is down 12% today, shorts are in control. A bounce toward 0.01026 is the chance to add shorts — don't rush to catch the falling knife. Long/short ratio at 0.55, short accounts are clearly more crowded, funding is also on the low side, so shorts aren't overextended.
If price reclaims 0.010607, cut the position immediately — don't stubbornly hold the short.