COTI is in an symmetrical triangle
Updated
#COTI is in a very nice symmetrical triangle, I would enter now as we seem to have bounced off the bottom.
I also expect long term holders to enter now as the end of the Airdrop period nears.
Given that a lot of tokens will be locked for ~180 days, I fully expect the token to keep going up.
Because of the upcoming airdrop, I am not planning on exiting but I do have a few days to observe if we reach the SL.
If we do then I will sell and reconsider if I have time to re-enter, but I would be surprised if we did drop off.
Entry: Now (100%)
TP1: 0.1050 (50%)
TP2: 0.0879 (50%)
SL: 0.0716
I also expect long term holders to enter now as the end of the Airdrop period nears.
Given that a lot of tokens will be locked for ~180 days, I fully expect the token to keep going up.
Because of the upcoming airdrop, I am not planning on exiting but I do have a few days to observe if we reach the SL.
If we do then I will sell and reconsider if I have time to re-enter, but I would be surprised if we did drop off.
Entry: Now (100%)
TP1: 0.1050 (50%)
TP2: 0.0879 (50%)
SL: 0.0716
Note
While we broke to the down side the SL was never hit and we moved back toward the upside.For now, I would move my stop loss to my buy price and later move it 5% so I take profit regardless what happens.
Still a couple more days before most of the tokens are locked for +180 days so I can only imagine prices keep going up.
Note
TP of 0.0879 was very briefly reached earlier.I expect the price to keep climbing as we approach the end of the locking season for the airdrop.
The question is, will the price hold after the 17th ...
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