$COTI /USDT – Mild Downtrend in Tight Range

Current Price: $0.04856 (-1.36%)

Price is hugging support near $0.04816, suggesting a decision point is approaching.

📊 Technical Summary

MetricValue24h High$0.0496424h Low$0.0481624h Volume (COTI)23.00M24h Volume (USDT)$1.13MShort-Term TrendBearish → SidewaysSupport Zone$0.04816 → $0.04800Resistance Zone$0.04964 → $0.04970

🧠 Trade Scenarios

✅ Bounce from Support

Entry: $0.04820–$0.04850 (near support test)

Target 1: $0.04906

Target 2: $0.04960

Stop-loss: $0.04780

Risk: Weak volume → consider light position sizing

🔻 Breakdown Play

Trigger: Clean break below $0.04810 with volume

Target: $0.04750

Stop-loss: $0.04870

Confirmation: Use 15m or 1h candle close

📌 Observations:

Tight 24h range (only 3.05%) = low volatility setup

Bearish pressure increasing, but no panic selling

Ideal for scalping or breakout traders watching for confirmation near edges

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