$COTI /USDT – Sharp Rebound into Resistance: Short Opportunity

$COTI just posted a strong recovery candle after hitting a local bottom, but the price is now nearing a key resistance near $0.05100 with signs of slowing momentum. An early rejection setup is forming on the 15m chart.

Entry (Short): 0.05080 – 0.05100

Take Profit 1: 0.04960

Take Profit 2: 0.04870

Take Profit 3: 0.04800

Stop Loss: 0.05140

Why This Trade Works:

• Price reversal from oversold bounce is losing steam

• Key resistance at 0.05100 previously rejected

• Small upper wick at $0.05099 shows seller presence

• Low volume recovery = high rejection probability

Shorting into exhaustion provides an ideal high R:R play if momentum fades quickly.

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