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behdark
Feb 5, 2024 5:33 AM

COTI ANALYSIS (4H) 

COTI / TetherUS PERPETUAL CONTRACTBinance

Description

On the chart, from where we entered "START", we seem to see a correction.

This correction seems to be a diametric.

There was a suitable place for the termination of the D wave on the chart, which we marked with red color.

If the price reaches this range, you can enter a sell/short position.

We have specified the targets on the chart. We also specified the invalidation level. Closing a daily candle above this level will violate the analysis

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
Comments
MyCryptoParadise
Wise move incorporating risk management into the strategy.
TuMi_VRC
Waiting for 0.06055 support failure?
Fibonacci Retracement 0.382
WalterMoon
Possible scenario, but better wait when price reach resistance area 🤔
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