MARKET TALK — COTI (coti)

After accumulation and consolidation for several weeks, COTI’s price has strengthened and risen by +50% as of today, 28 July. Now, looking at the 1-hour timeframe, the price has retested the base area—an area where a lot of demand had come in before the higher move. The current level should be watched, because if there is a bullish signal from 1–2 candles, immediately open a long position and set the SL below the base area. If the price rejects the move up and drops, you should not enter a position.

But I’m confident the price will rise, because before forming a high breakout, the price had consolidated for a very long time. In addition, leverage is stable at 25×, and now ALT coins are also moving high.

Very neat technical analysis for scalping or short-term swing short setups! Stay disciplined with risk management and the use of that 25× leverage.

DYOR 🧐

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$COTI ‌