$COTI has risen by 2.682% over the past 24 hours, trading between 0.0537 and 0.05033.
Currently, it is near the upper Bollinger Band at 0.0535, suggesting a potential overextension or a continuation of the trend.
The key resistance level is at 0.0537, while strong support lies at 0.05128.
Volatility appears to be contracting, indicating possible upcoming price movements.
For risk management, consider placing a stop-loss just below the support level at 0.0512.
It is advisable to wait for confirmation before entering, setting alerts for breakout opportunities.
