💎 COTI has recently undergone significant market dynamics. After breaking out of a major descending channel, it is currently in the process of a retesting phase at the trendline, coinciding with the demand area that was previously the supply zone.
💎 If this retesting phase proves successful, indicated by a bounce in price, Probability we may witness a substantial upward movement toward our target strong resistance area.
💎 However, if during the retesting phase at the demand area, COTI fails to show a favorable response such as a bounce or bullish candle rejection, it could signify a false breakout.
💎 In such a scenario, COTI may revert into the descending channel, leading to a downward trajectory towards the support level, or potentially even lower.
💎 If this retesting phase proves successful, indicated by a bounce in price, Probability we may witness a substantial upward movement toward our target strong resistance area.
💎 However, if during the retesting phase at the demand area, COTI fails to show a favorable response such as a bounce or bullish candle rejection, it could signify a false breakout.
💎 In such a scenario, COTI may revert into the descending channel, leading to a downward trajectory towards the support level, or potentially even lower.
Trade fermée: cible de profit atteinte
Bingo! #COTI is dancing to our tune, up 243.00% just like we predicted.
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.