$COTI
USDT BULLISH CONTINUATION SETUP
COTI is showing signs of bullish continuation as price remains above key moving averages. EMA(7) is above EMA(25) and EMA(99), indicating strong short-term momentum aligned with the broader trend. This bullish EMA alignment suggests buyers are in control and the trend may extend higher.
Price action is forming higher lows while approaching a nearby resistance zone, indicating accumulation before a potential breakout. Volume confirms buying interest, supporting the probability of upward continuation.
Trade Setup:
Long Entry: On breakout and sustained hold above the immediate resistance
Stop Loss: Below the recent higher-low support and under EMA(25)
Targets:
TP1 – First resistance above breakout level
TP2 – Next supply zone from previous intraday highs
TP3 – Upper trend extension near volatility expansion zone
Risk Management:
Risk a small portion of capital, secure partial profits at TP1, and trail stop loss to protect gains as price moves toward higher targets.
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