$COTI Price Action Overview:
• Current Price: $0.07700
• 24h Low: $0.07387
• 24h High: $0.07913
• Recent Bottom: $0.07387 (support zone)
EMA (Exponential Moving Averages):
• EMA(7): 0.07701 (very close to current price)
• EMA(25): 0.07752 (slightly above price — bearish)
• EMA(99): 0.08052 (much higher — downtrend confirmation)
Interpretation: Short-term EMAs are below the long-term EMA, indicating a bearish trend. Price is struggling to cross above 25 EMA.
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MACD:
• MACD Line: 0.00022
• DIF/Signal Line: -0.00055 & -0.00077
Interpretation: Slight bullish crossover, but still near zero. Weak momentum recovery, not strong enough yet to confirm a reversal.
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RSI (Relative Strength Index):
• RSI(50): 45.40
• RSI(200): 49.18
Interpretation: RSI is below 50, showing weak buying pressure. Not oversold, but slightly bearish.
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Williams %R:
• Current Value: -74.91
Interpretation: Near oversold zone (< -80), suggesting a potential bounce, but not confirmed yet.
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Support/Resistance Levels:
• Support: $0.07387
• Resistance: $0.07752 (EMA25), then $0.0805 (EMA99)
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Next Trade Setup Suggestion:
Scenario 1: Bullish Setup (Confirmation Needed):
• Entry: After strong 1H candle closes above EMA(25) ($0.07752)
• Target: $0.0805 to $0.082
• Stop Loss: Below $0.074
Scenario 2: Bearish Setup (If Rejected at EMA25):
• Entry: On rejection candle near $0.0775
• Target: $0.074 - $0.0738
• Stop Loss: Above $0.0782
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Summary:
Currently neutral to slightly bearish trend. Wait for either:
• A breakout above $0.0775 for a bullish move, or
• A rejection from resistance for a short position.
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