We've been on a little bit of a downtrend the past few days with COTI. We're currently forming lower highs, but higher lows, so we're not entirely in a proper downtrend yet. Looking for a relatively quick trade with this one, hoping for a bounce on the recently created uptrend. If we break out of the recent price action, I'll be keeping my trade active.
Trade active
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I've sold a small stack about 7% up currently, hopefully we can work our way up to a retest of the downtrend line. If we fail that and head back down I'll be 100% out.
@hojatbehmadi, I've picked up more at this support level, worst case scenario we drop below this support level where the stop is and get stopped out.
If we get stopped out it'll be the first stop we've had properly hit in the last 20 trades haha.