COTI SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the COTI symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COTIUSDT
COTI | Descending Channel Formation..!!
#COTI is forming Descending Channel Pattern in Daily timeframe..
Seems like Bottomed out & Ready for Historical Breakout So Keep an eye on it.
In Case of Breakout, Expecting +160-180% Bullish Wave in Midterm.
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COTI can hit 0.14xx area soon - risky tradeAs we can see in the chart, price is holding quite nicely above white MA which is very good sign. If the price breaks up the orange MA, then there is a high probability that red MA (200) on daily can be our target.
BTC must stay without deeper drop. This is quite risky so have SL placed.
MANAGE YOUR RISK
COTI LONG - WEEKLY CLOSE OUTSIDE WEDGE I'm waiting for the moment when the big reversal to the upside coming. COTI has shown strength the last two weeks and are now about to break weekly trend. We could see a good DCA opportunity here if COTI close outside the wedge. On the other hand, a weekly close inside the wedge could mean that COTI drop to the floor of the wedge again.
COTI LONG TRADE 20221001Buy Valid Breakout
COTI, COTIUSD, COTIUSDT, COTIUSDTPERP, COTIBUSDPERP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Take a look at $COTI....KUCOIN:COTIUSDT - Broken through longstanding resistance (1st red circle) and retested same level as support...
Aim here is to open continuance long in same area (second red circle) and run through - switch to chasing stop at recent high...
Tight stops allow this to be a good R:R trade. Loses the close block EMAs (I 12,24, 32) and next support around 0.0957 for second entry.
Certainly worth consideration
COTI COIN Analysis
COTI is been trending higher and hits our the strong resistance level of $0.113 - $0.115. Price facing strong sell-pressure as price is ranging below the zone since a week now. If #BTC dip by a bit then#COTI will reject hard from here. Alternatively, we'll look for buys once price flip above it.
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