📉 $COTI — BEARISH CORRECTION
$COTI is facing rejection at the top and could enter a bearish correction phase.
📊 Technical trend: Bearish correction
📍 Area to watch: 0.01250 – 0.01300
🎯 Bearish targets:
• TARGET 1: 0.01193
• TARGET 2: 0.01155
• TARGET 3: 0.01114
❌ Invalidation: a candlestick close above 0.01410, breaking above the last high.
💡 Technical reason:
The price showed bearish rejection after reaching the latest local high at 0.01500. In addition, the lower indicator broke its support line and started falling from levels of strong overextension, which favors a possible correction toward intermediate support levels.
Trade $COTI here. 👇
$COTI is facing rejection at the top and could enter a bearish correction phase.
📊 Technical trend: Bearish correction
📍 Area to watch: 0.01250 – 0.01300
🎯 Bearish targets:
• TARGET 1: 0.01193
• TARGET 2: 0.01155
• TARGET 3: 0.01114
❌ Invalidation: a candlestick close above 0.01410, breaking above the last high.
💡 Technical reason:
The price showed bearish rejection after reaching the latest local high at 0.01500. In addition, the lower indicator broke its support line and started falling from levels of strong overextension, which favors a possible correction toward intermediate support levels.
Trade $COTI here. 👇