COTI/USDT upward momentum from demand? 👀🚀COTI analysis

16 mag

💎 Paradisers! We are currently witnessing #COTIUSDT showing a high probability of bullish continuation from the demand zone.

💎 After closely monitoring the price action, we've seen COTI break above its descending resistance. It's now positioned for a bullish continuation from the demand zone at $0.9994. Interestingly, this demand level has been respected twice before, and we anticipate that it will be honored once again. If the momentum sustains at this level, we expect a strong bullish wave aiming for the resistance levels mentioned above.

💎 Another point to consider is the diminishing intensity of the rejections at this demand level, indicating a potential weakening. Should this level break, we're prepared to capitalize on a bullish rebound from the lower bullish Order Block at $0.06420. The substantial liquidity at this level suggests that #COTI could experience a robust bullish rebound. However, a break below this OB level could lead to a significant downward movement.

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