Technical analysis by ULYSSESTRADER about Symbol COTI: Sell recommendation (10/19/2025)

1. Chart Context Pair: COTI/USDT Timeframe: 1h Current Price: ≈ 0.03299 USDT Market has been in a downtrend with lower highs and lower lows. Price recently tested resistance and is now showing rejection. 2. Trade Setup This is a short position (betting on price to drop). The red/green rectangle highlights the Risk/Reward (R:R) structure: Entry Zone: Around 0.0330 USDT (current price, at rejection point). Stop Loss (SL): 0.03488 USDT (top of the red box). If price climbs above this level, the short trade setup is invalid. Take Profit (TP): 0.03043 USDT (bottom of the green box). Target is a move down into prior support. 3. Risk/Reward Ratio Risk (SL distance): ~0.0019 USDT Reward (TP distance): ~0.0026 USDT R:R ratio ≈ 1.37:1 Moderate setup; reward is larger than risk but not extremely high. 4. Support & Resistance Resistance Zone: 0.0345–0.0350 (previous rejection area). Support Zone: 0.0303–0.0305 (green target zone). The trader expects sellers to defend the resistance and push the price back into the support area. ✅ In summary: This is a short trade setup on COTI/USDT, where the trader enters around 0.0330, sets a stop at 0.03488, and targets 0.03043. The setup relies on price rejecting resistance and continuing the downtrend toward support.