🔥 COTI Reversal From Channel Resistance

COTI has been following this channel since it's inception on Binance late Feb'20. At the moment, COTI is seeing some consolidation around the top of the channel. With Bitcoin in peril, COTI is a prime candidate for a potential correction in the near future.

Before entering this trade wait for the price to close below the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing highs/lows. Do your own due diligence.

Happy trading!