Yello, Paradisers! Is #COTIUSDT about to break out, or are we heading for a bearish breakdown? Let's break down the latest setup of #COTI:
💎The current falling wedge formation on the 8-hour chart is showing high potential for a bullish reversal. This pattern, coupled with a liquidity sweep at the lower boundary, has already shaken out impatient traders. But remember, no move is confirmed until we see a decisive breakout. #COTIUSD is moving to retest the descending resistance.
💎
COTI is facing a tough resistance at $0.142, aligning perfectly with the descending wedge’s upper boundary. A clean break and close above this level on the 8-hour timeframe could spark a rally toward the $0.18–$0.19 major supply wall, where sellers are likely to pile in.
💎On the downside, $0.09719 remains a strong support zone, where buyers have historically stepped in. If #COTI closes below this level, we may see a sharper decline toward the $0.077 demand zone, which is the last line of defense for bulls.
💎A close below $0.07780 would invalidate the bullish setup entirely and signal a potential plunge to lower lows. This breakdown would open the door for further bearish momentum, with sellers fully in control.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎The current falling wedge formation on the 8-hour chart is showing high potential for a bullish reversal. This pattern, coupled with a liquidity sweep at the lower boundary, has already shaken out impatient traders. But remember, no move is confirmed until we see a decisive breakout. #COTIUSD is moving to retest the descending resistance.
💎
💎On the downside, $0.09719 remains a strong support zone, where buyers have historically stepped in. If #COTI closes below this level, we may see a sharper decline toward the $0.077 demand zone, which is the last line of defense for bulls.
💎A close below $0.07780 would invalidate the bullish setup entirely and signal a potential plunge to lower lows. This breakdown would open the door for further bearish momentum, with sellers fully in control.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。