π COTI has become a focal point in the market, yet it has faced challenges in surpassing a key resistance area. A successful breach of this resistance could probability lead to a significant upward trend, with our next goal being the strong resistance area.
π However, if COTI is unable to break through this resistance soon, it might retreat to retest the demand area around $0.063, in an effort to gather momentum for another breakout attempt.
π In the demand zone, a strong response is essential for COTI. It needs to demonstrate a robust bounce from this level. If COTI only consolidates at this support without showing any significant recovery, there's a risk that it could lose this crucial support zone. Such a development would be a bearish signal, potentially indicating a breakdown below the support bullish trendline. Should this occur, the next probable destination for COTI would be the Bullish OB area.
π However, if COTI is unable to break through this resistance soon, it might retreat to retest the demand area around $0.063, in an effort to gather momentum for another breakout attempt.
π In the demand zone, a strong response is essential for COTI. It needs to demonstrate a robust bounce from this level. If COTI only consolidates at this support without showing any significant recovery, there's a risk that it could lose this crucial support zone. Such a development would be a bearish signal, potentially indicating a breakdown below the support bullish trendline. Should this occur, the next probable destination for COTI would be the Bullish OB area.
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ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV