TheSignalyst

COTI - Trend-Following Buy Setup!

Long
BINANCE:COTIUSDT   COTI / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

COTI is overall bullish and now retesting our blue and orange trendlines so we will be looking for buy setups.

on M30: COTI formed a valid trendline in red but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the previous high in gray to buy.

Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower till the orange/blue trendlines before going up.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Buy CRGPT on Uniswap
cutt.ly/CRGPT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.