Evening Traders,
Today’s analysis – COTIUSDT – trading at a key technical location where an impulse move is imminent,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Dynamic S/R Support
- Swing High objective
- Low Volume
COTIUSDT’s immediate price action is impulsive, trading at a true technical trade location that has confluence with the Dynamic S/R and the Local S/R – allowing for a bullish bias.
The Swing High is the immediate objective, exceeding this level increases the probability of a trend continuation.
The current volume is trading below average, this is indicative of an influx being imminent when an expansion occurs.
Overall, in my opinion, COTIUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
"In trading, everything works sometimes and nothing works always.”
Today’s analysis – COTIUSDT – trading at a key technical location where an impulse move is imminent,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Dynamic S/R Support
- Swing High objective
- Low Volume
COTIUSDT’s immediate price action is impulsive, trading at a true technical trade location that has confluence with the Dynamic S/R and the Local S/R – allowing for a bullish bias.
The Swing High is the immediate objective, exceeding this level increases the probability of a trend continuation.
The current volume is trading below average, this is indicative of an influx being imminent when an expansion occurs.
Overall, in my opinion, COTIUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
"In trading, everything works sometimes and nothing works always.”
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.