💎 The recent market dynamics surrounding #COTI have indeed been quite notable. Currently, COTI is positioned on the support area, and there are indications of bullish momentum with a rejection bullish candle.
💎 This suggests potential for a bounce from the support and a resumption of upward movement. There's a possibility that COTI will continue its upward trajectory, potentially reaching our target at the strong resistance area.
💎 However, if COTI fails to maintain the support or execute a successful bounce, it could signify a loss of momentum. In such a scenario, a breakdown below the support level may occur. If this happens, it would confirm a return to bearish sentiment and could lead to continued downward movement.
💎 Therefore, it's crucial to monitor COTI's behavior around the support area closely to assess whether the bullish momentum will be sustained or if a bearish trend reversal is imminent.