COTI// Short-Term Trend BreakCurrent price shows a compelling breakout from the recent downtrend from the CB listing. After a slow grind of making higher lows COTI looks like it has some of the strength it's had over the previous weeks.
Its my opinion that this will be a decent entry zone for a longer term move. I usually enter trades like this on a retest of the broken zone - after I can easily understand the market structure, but
I was unable to find reliable FIB lines to agree with my TP biases, so maybe thats a clue to something Im missing. However, ill be entering this trade on a hunch and assess as time goes on whether or not I should stay in.