COTI/USDT Break the Consolidation phase. Upward Momentum ??

πŸ’Ž COTI has certainly captured the market's attention. Recently, COTI demonstrated a breakout from the resistance of its consolidation phase. Analyzing the chart, it's evident that COTI hasn't undergone a retest yet.

πŸ’Ž There's potential for COTI to retest the area that previously acted as resistance, now serving as support, before resuming its upward trajectory and the probability easily reach our target is supply and bearish OB zone

πŸ’Ž On the downside, if COTI retraces to the support zone but fails to hold its position, it could indicate a bearish turn. Such a scenario would mirror its previous false breakout. In this case, COTI might be on a path to revisit the more robust support level below.
Trade closed: target reached:
Bingo! #COTI is dancing to our tune, up 52.56% just like we predicted.

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