COTI going to $0.30 or $0.70??COTI coming to a decision point pretty soon. If my pattern of Descending triangle is correct it will be going to either $0.30 or $0.70. The Descending Triangle is normally a bearish pattern, however I believe it has been consolidating and will break out upwards to new ATH. It is holding that bottom support very well and for quite a while now. Currently at a great buy opportunity for a tight stop loss in case it does break downwards. If that happens I expect a pull back to about $0.30 area where it sat for a good amount of time before breaking up.
COTIUSDT trade ideas
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
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.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
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 - Potential SHORT -15MIN/1HR - Binance for BINANCE:COTIUSDTTrade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
(RE-ENTRY/DCA ABOVE previous entry post)
Entry 1: 0.1269 (entry 1 box options)
-if missed focus on next entries. Don’t stress.
Entry 2: 0.1423 “”
Entry 3: 0.1621 “”
Entry 4: 0.1745 “”
Entry 5: 0.2107 “”
Entry 6:
Entry 7:
Stop Loss:
Entry 1: Fib resistance - 0.570 (entry 1 only)
-5-10% move from your chosen entry 1
-slightly above/below entry/key resistance
-1:1 or to own personal risk factor
Entry 2: gann resistance 0.1504 “”
Entry 3:
Take Profit Targets:
-0.1161 (50ema tp)
-0.1086 (200ema tp)
-0.1022 (800ema tp)
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Comments:
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.