COTIUSDT trade ideas
COTIEntry on higher low trend reversal
Coincides with HTF bull channel bouncing of the fair value lower channel
Targets should be a control price, the middle of the fair price channel or the top of the local trading range.
will evaluate TF on a reach of the mentioned levels.
IN CONTRAST:
Short term bear trend and lower high wasn't breached and might act as a resistance.
BINANCE: COTI/USDT (Break out nicely)🛒 Pair: COTI/USDT 🛒
== SPOT==
⏰ 1400/05/14 ⏰
🕰 05/08/2021 🕰
Duration:
📈 SHORT 📈
Ex: Binance
#243
🛒 Buy1 : 0.160 🛒
🛒 Buy2 : hidden 🛒 DCA
👉Sell Targets👈
🎯TP1: 0.170 🥉
🎯TP2: hidden 🥈
🎯TP3: hidden 🥇
🎯TP4: hidden 🚁
🎯TP5: hidden ✈️
🎯TP6: hidden 🚀
🎯TP7: hidden 🛰
⛔️ SL: 0.136 by closing H4 candle below
🆓COTI (COTI) July-25 #COTI $COTICOTI is hesitating after conquering the $0.11 zone, but with its strong buying power in the past 2 days, it will continue to move towards the $0.14 and $0.18 zones in the next few days. But if it loses 0.11$ zone again it will fall to 0.09$ zone or even deeper
📈BUY
🔴Buy : 0.107-0.113$. SL if B
🔴Buy : 0.137-0.143$ if A. SL if B
📉SELL
🔴Sell : 0.137-0.143$. SL if A
🔴Sell : 0.176-0.184$. SL if A
♻️BACK-UP
🔵Sell : 0.107-0.113$ if B. SL if A
🔵Buy : 0.088-0.092$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
COTI 2 important areasCOTI / USDT
Price can start rise again from 2 areas :
First area : current area in which price is forming falling wedge on support
Second area : from uptrendine below (yellow line)
These points will be areas of interest for bulls
If you want to take postion on any of them make sure you follow risk management
Note : If you want to buy from 2nd area dont buy blindly as we can see sl hunt before go up ..wait for bulls reaction first
Best of luck
COTI + 550%, 1:10 R:R, Looking BullishI've been hearing about COTI for a fair while now but my focus has been elsewhere. Now that I take a closer look, I wish I had paid attention sooner! If you are bullish on the Cardano ecosystem, this might be one to look into as they seem to have some close ties to ADA. COTI has had an amazing run since the COVID lows achieving a 20x but it looks like there could still be some gas left in the tank.
Key points:
Appears to be in the 3rd wave of the Elliott count
Large drawdown of 51% to invalidation so position sizing is important
Upside to 3rd wave target is 550% giving an excellent Risk:Reward of 1:10
3rd wave target $1.34
4th wave entry $0.30
5th wave target $3.23
Invalidation at $0.098
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.