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COTIUSD

COTI must hold $0.0694COTI is getting very close to the absolute bottom and it must bounce off $0.0694 (orange line). If it does not then the next level is $0.0621 (red line) We can see that COTI has been in a down trend for almost a month now, the MACRO has not been good for the market but COTI has been hit especially hard. It has to bounce back. So, in summary, if we break below $0.0694 then there is definitely more pain in the future. If we manage to bounce off that level we should be able to reclaim $0.0800 Of course if we recover, the speed of the recovery will depend on the rest of the market, but if we break levels then we will dump fast.
by crypthal
COTI is in an symmetrical triangle#COTI is in a very nice symmetrical triangle, I would enter now as we seem to have bounced off the bottom. I also expect long term holders to enter now as the end of the Airdrop period nears. Given that a lot of tokens will be locked for ~180 days, I fully expect the token to keep going up. Because of the upcoming airdrop, I am not planning on exiting but I do have a few days to observe if we reach the SL. If we do then I will sell and reconsider if I have time to re-enter, but I would be surprised if we did drop off. Entry: Now (100%) TP1: 0.1050 (50%) TP2: 0.0879 (50%) SL: 0.0716
Long
by crypthal