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ashainp

COTIUSD Ascending triangle breakout

Long
Coti / Tether (KUCOIN:COTIUSDT)  
ashainp Updated   
KUCOIN:COTIUSDT   Coti / Tether
Support and Resistance Trend Lines Wedge Cryptocurrency cryptotrading Bitcoin (Cryptocurrency) USD inflation altseason
5
0
supportandresistance trendline wedgepattern cryptocurrency cryptotrading bitcoin usd inflation altseason

-120EMA historical support
- Weekly inverted hammer on the level(purple)/ 1st touch rejection off weekly (90% of the time)
- Clear uptrend. Using previous trendline resistance as support
- Bullish moving averages
- Ascending wedge breakout

Entry- Retracement back to wedge at 0.034 / Already rejected the wedge strongly once, so I'm entering at market
Stop loss: when the weekly level is broken, the thesis is invalidated.
Comment:
Trade closed at 0.0550

Return : 40%
Days: 6
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