Liquidation reference: $0.01644
Entry Zone: $0.01500–$0.01550
Stop-Loss: $0.01620
Take Profit:
TP1: $0.01420
TP2: $0.01350
TP3: $0.01280
Market Structure: COTI remains under heavy short-term pressure after several consecutive sessions of selling. Price has fallen sharply from the $0.018–$0.019 area, while volume has remained elevated, indicating active distribution.
My Take: Prefer selling a relief bounce into $0.01500–$0.01550 rather than chasing the current drop. Failure to reclaim $0.01620 keeps the bearish structure intact.
Invalidation: Cancel the short setup if price decisively reclaims $0.01620.
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