COTI/USDT Breakout
Updated
Hoping to see COTI finally break out of this long term downtrend its been sitting it for quite a while now.
With this trade I'm going to be running very tight stops with the sporadic market we have at the moment.
If we do fail this breakout, and turn out that we're actually going to break down, then it is a very harsh drop to
the next support around the 0.15c USD mark so my stops will be tight with this trade. With a good risk/reward ratio
this could turn out to be a great trade if we do break to the upside.
With quite a few announcements coming towards the end of June, hopefully start seeing a slow build up until then.
Trade safe friends!
With this trade I'm going to be running very tight stops with the sporadic market we have at the moment.
If we do fail this breakout, and turn out that we're actually going to break down, then it is a very harsh drop to
the next support around the 0.15c USD mark so my stops will be tight with this trade. With a good risk/reward ratio
this could turn out to be a great trade if we do break to the upside.
With quite a few announcements coming towards the end of June, hopefully start seeing a slow build up until then.
Trade safe friends!
Trade active
Already 7% up if you want to take some profit.Trade closed: target reached
I've taken a majority of my profit out for a 15% trade in a little over 8 hours. I'm going to be holding a very small bag incase we finally see a breakout of this uptrend. We've started to form a Doji on the 4 hour at the top of the trend so its possible we break back to the downside again, so I'm securing profits just to be safe, while also holding a very small bag incase of a breakout.
Trade closed: target reached
Small dip got bought up immediately, breaking us through the downtrend, for a total of 30% since entry.Trade closed: target reached
I've completely exited the trade now, even with my small bag I kept, good luck if you decide to keep holding!
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