Yello, Paradisers! Are you ready for what could be a decisive move in #COTIUSDT? Let's dive into analysis.
💎We're seeing #COTI signs that a potential breakout may be on the horizon, and if it happens, we could be looking at a significant upward push toward our major resistance target.
💎However, there’s always the other side of the coin. If #COTI fails to break out of this current pattern, we could see the price drop back to test the $0.067 support level once again. This area has been tested multiple times, and each time, it has responded with a strong rebound and a fast recovery.
💎But here's the concern—if COTI fails to rebound after retesting this zone, it could signal a bearish move, with the next stop being the **major support at $0.05277.
💎For COTI to maintain its upward momentum, it needs to recover and reclaim the $0.067 support area. As per my analysis, the bullish outlook remains valid as long as the daily candle stays above this level. A close below that critical support would **invalidate** the bullish scenario, opening the door for further downward movement.
Remember, staying disciplined and following clear strategies are essential in these volatile times.
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