Coin Name: $COTI
Position: Long
Entry Price: 0.07632
The 1-hour chart of COTI/USDT on Binance shows a bullish breakout from a falling wedge pattern, a classic reversal setup. The price has decisively broken above the upper wedge resistance with strong volume, suggesting momentum behind the move. The RSI is above 70, indicating strong bullish strength but also entering overbought territory. The MACD shows a bullish crossover with expanding histogram bars, confirming upward momentum. A successful retest of the breakout zone around $0.078–$0.079 could offer a solid long entry. The marked risk-reward setup suggests targeting the $0.088 zone while managing risk below recent support around $0.074–$0.076.
On the 1-day timeframe, USDT.D is forming a descending triangle pattern. It has recently tested the upper trendline, suggesting a potential move toward the lower trendline in the near term.
On the 1-day timeframe, BTC.D is forming a rising wedge pattern—a structure that often signals a potential reversal. If it breaks below the lower trendline, a move toward the 61.00% level is likely. A decline in BTC dominance typically favors altcoins, making it a potentially bullish scenario for the alt market.
Leverage: 4X
Targets:
1st TP 0.080
2nd TP 0.085
3rd TP 0.088
📌 Special Note:
⚠️ Use only 10% of your portfolio 💼 to manage risks effectively. Avoid high leverage 🚫 and proceed cautiously to mitigate potential losses 📉. Always prioritize risk management and use the DCA method ✅.
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