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Coti / Tether
Long

COTIUSD Ascending triangle breakout

By ashainp
Updated

-120EMA historical support
- Weekly inverted hammer on the level(purple)/ 1st touch rejection off weekly (90% of the time)
- Clear uptrend. Using previous trendline resistance as support
- Bullish moving averages
- Ascending wedge breakout

Entry- Retracement back to wedge at 0.034 / Already rejected the wedge strongly once, so I'm entering at market
Stop loss: when the weekly level is broken, the thesis is invalidated.
Note
Trade closed at 0.0550

Return : 40%
Days: 6
altseasonBitcoin (Cryptocurrency)CryptocurrencycryptotradinginflationSupport and ResistanceTrend LinesUSDWedge
ashainp
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