COTI : Preparing for a Mega Bullish Wave or a Bearish Breakdown?

#Coti #COTIUSD #COTIUSDT #BEARISH📉 #BinanceSquareFamily

Current Market Setup :
The 8-hour chart for #COTI/USDT showcases a falling wedge formation, a classic bullish reversal pattern. The recent liquidity sweep at the wedge's lower boundary suggests impatient traders were shaken out, leaving room for a potential decisive move.

Key Resistance and Support Levels :

Resistance Levels :
$0.142 : Critical level aligned with the wedge's upper boundary.

A confirmed breakout above this could ignite a bullish rally.

$0.18 - $0.19 : Major supply zone where sellers might exert pressure.

Support Levels :
$0.09719 : Strong support zone with historical buyer activity.
$0.077 : Last line of defense for bulls. A breakdown below this invalidates the bullish setup.

Scenarios to Watch :
Bullish Breakout : A clean close above $0.142 could pave the way for a rally toward $0.18–$0.19, offering a potential upside of ~30%.

Bearish Breakdown : A close below $0.07780 would invalidate the bullish structure and could lead to further declines, with sellers gaining full control.

Trading Strategy :
Entry Point : Look for a breakout confirmation above $0.142 on the 8-hour chart.
Stop-Loss : Tight stop below $0.09719 to minimize downside risks.
Take-Profit Targets : $0.18, $0.19, and higher depending on momentum.

Conclusion :
COTI is at a critical juncture, with a potential bullish breakout or bearish collapse on the horizon. The key lies in patiently waiting for decisive confirmations before entering any trade.

Pro Tip :
Maintain discipline, avoid FOMO, and closely monitor the $0.142 breakout level. Always manage risks and diversify to protect your portfolio during volatile setups.