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COTIUSDT (Day Chart) Technical analysis
COTI/USDT Currently trading at $0.61
New All-time High
Swing Trade Setup or medium-term investment setup
Long Entry: above $0.54 -$0.61
Stop Loss : 0.42
TP 1 : $0.75
TP 2 : $0.90
TP 3 : $1.00
TP 4: $1.25
Max leverage : 1x or buy it on spot market
Coti had a tremendous rise from the support level(lower low) of the descending channel to the resistance level(lower high) of the channel. Coti looks vulnerable to rejection but before taking a long position, wait for a breakout at $3.6 with a valid retest. If price fails to break, you can take a short position to the key support level.
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COTIUSDT Ascending Triangle
NOTE: OPEN BUY IF & ONLY IF THE SETUP IS VALIDATED.
If so, then:
Buy Above: 0.30616
Target: 0.48517
SL: 0.25683
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
