Deep pressure decline of $COTI in the short term
Question: Does the sharp drop take $COTI to touch 0.01449 with the 1-hour RSI diving deeper back to 19.7, reflecting all sell pressure or not?
Answer: In reality, the price has fallen through key EMA lines on both the 1-hour and 4-hour charts, and the 4-hour trading volume has increased by 4.49x—indicating the sell-off momentum is quite clear. However, being oversold on both smaller timeframes only reflects the fast drop; it doesn’t necessarily confirm a valid bottom. 📉
If $COTI holds steady in the current price region and breaks above the 0.0145 resistance level with volume confirmation, the price could move toward a retest of the 0.01703 area. Conversely, if the pressure from the long-short account ratio at 0.6345 continues to weigh on price and it breaks down even deeper, the downward momentum could extend into lower support zones.
The biggest risk right now is negative funding at -0.0597%, which could create unexpected liquidation traps during the session. ⚠️
#COTI #Crypto
Question: Does the sharp drop take $COTI to touch 0.01449 with the 1-hour RSI diving deeper back to 19.7, reflecting all sell pressure or not?
Answer: In reality, the price has fallen through key EMA lines on both the 1-hour and 4-hour charts, and the 4-hour trading volume has increased by 4.49x—indicating the sell-off momentum is quite clear. However, being oversold on both smaller timeframes only reflects the fast drop; it doesn’t necessarily confirm a valid bottom. 📉
If $COTI holds steady in the current price region and breaks above the 0.0145 resistance level with volume confirmation, the price could move toward a retest of the 0.01703 area. Conversely, if the pressure from the long-short account ratio at 0.6345 continues to weigh on price and it breaks down even deeper, the downward momentum could extend into lower support zones.
The biggest risk right now is negative funding at -0.0597%, which could create unexpected liquidation traps during the session. ⚠️
#COTI #Crypto
