-the flat area of resistance has been broken
-and the price started pulling back for a potential retest
-COTI will try to flip old resistance to turning new support
-you can enter a buy position if buyers started re-entering
-the upside potential is the swing top at 450 sat
-stoploss is placed under green box support
COTIUSDT, the trend has been increasing through the horizontal (resistance) line that means the future is bright. possible scenarios;
1. It will continue to increase and break the resistance line above with an open-close candle, it is time to buy.
2. It might start to decrease, and pull back the support line with an open-close candle, it is time to buy.
#COTI/BTC Profit Update:-
#COTI now trading at around 290 Satoshi.
And our entry was 215 Satoshi
And Re entry was 230 Satoshi.
From 1st entry = 36% Profit
From 2nd Entry= 27% Profit
Enjoy guys with Profit.
But still i am very Bullish in mid term.
But If you are Short term Investor then secure profit.
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Welcome to this quick altcoins setup guys.
COTI/BTC is trading around 255 to 257 while I am writing this update which is a very a very strong support.
Why am I bullish on this chart?
Bullish breakout of the Cup and Hassle formation at the bottom of the chart.
Inverse Head and Shoulders in formation which adds up to the Bullishness of this chart.
The only small...
-currently testing to break the descending trendline resistance
-if we see a break/close above it
-it would trigger a potential trend reversal
-you can enter the break/close
-or wait for the retest of trendline > new support
-upside target is up to 422s or higher
Watch COTI/USDT for potential Daily breakout.
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