$COTI / USDT – Mild Downtrend in a Tight Range
Current Price: $0.04856 (-1.36%)
Price is hovering near support at $0.04816, signaling a potential decision point.
Technical Summary:
• 24h High: $0.04964
• 24h Low: $0.04816
• 24h Volume: 23M COTI / $1.13M USDT
• Short-Term Trend: Bearish shifting to sideways
• Support Zone: $0.04816 – $0.04800
• Resistance Zone: $0.04964 – $0.04970
Trade Scenarios:
✅ Bounce from Support
• Entry: $0.04820 – $0.04850
• Target 1: $0.04906
• Target 2: $0.04960
• Stop Loss: $0.04780
• Note: Weak volume — consider smaller position
🔻 Breakdown Setup
• Trigger: Clean break below $0.04810 with volume
• Target: $0.04750
• Stop Loss: $0.04870
• Confirmation: Use 15-minute or 1-hour candle close
Observations:
• Tight 24-hour range (3.05%) means low volatility — good for scalpers
• Bearish pressure is present but no major sell-off yet
• Best for traders watching closely near key levels for confirmation