COTI/USDT time to short?COTI has been facing resistance of blue trendline, so if it rises to approx. 0.1787 then there will be multiple resistances + resistance of 50 EMA.
Red rectangle is also a crucial resistance for COTI, so you can also short from around 0.1714
A shooting star candlestick pattern might form after 4H candle closing, so wait for 4Hour closing (I guess)
(Although MACD has shown bullish crossover, still it will be profitable to short)
---SHORT ENTRY--->
Entry Price - 0.1714 or 0.17100
Target Price - 0.1426
Stop Loss - around 0.1783
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
