ð Get Ready for COTI's Reversal
ð COTI is currently experiencing a pullback, suggesting a potential bounce from this level followed by a move towards new highs.
ðThe Bullish Order Block (OB) along with the 200-day Exponential Moving Average (EMA) and supportive trendline form a strong level of interest for expecting a bounce. Confirmation of this bounce would ideally come in the form of bullish engulfing candlestick patterns.
ðHowever, in the event of a breakdown below this area, it may indicate a bearish move. In such a scenario, it would be prudent to refrain from taking immediate action and instead wait for better price action to form before making any decisions.
ðThe Bullish Order Block (OB) along with the 200-day Exponential Moving Average (EMA) and supportive trendline form a strong level of interest for expecting a bounce. Confirmation of this bounce would ideally come in the form of bullish engulfing candlestick patterns.
ðHowever, in the event of a breakdown below this area, it may indicate a bearish move. In such a scenario, it would be prudent to refrain from taking immediate action and instead wait for better price action to form before making any decisions.
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