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COTIUSDT Dynamic S/R| Local S/R| Swing High| Price Action

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.”

The_Alchemist_Trader_

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