$COTI — a downward reversal from the resistance zone is possible.
Short at $COTI
Entry: 0.01200–0.01220
Stop-loss: 0.01275
Targets:
TP1: 0.01150
TP2: 0.01080
TP3: 0.01000
Price has reached an important resistance zone around 0.01235. If the sellers hold this level and a bounce occurs, the move downward may continue. The setup is valid only upon confirmation that the price has rejected from the resistance.
Short at $COTI
Entry: 0.01200–0.01220
Stop-loss: 0.01275
Targets:
TP1: 0.01150
TP2: 0.01080
TP3: 0.01000
Price has reached an important resistance zone around 0.01235. If the sellers hold this level and a bounce occurs, the move downward may continue. The setup is valid only upon confirmation that the price has rejected from the resistance.