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Coti

COTI - Wait For It!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. COTI rejected a strong support zone and round number 1.0 so we will be "looking" for buy setups on lower timeframes. on DAILY: COTI is forming an inverse head and shoulders but it is not ready to go yet. For the bulls to take over , we need the right shoulder to form and then a momentum daily candle close above the gray neckline. 🎯Targets => Our first resistance / target would be around 0.25 so I will be monitoring price action there. Meanwhile, until the buy is activated, COTI can still trade lower inside the support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
$COTI #coti head and shoulders, trendline resistance: BEARISH?coti is quite in a bad situation at the moment unless we see a big bullish breakout to the upside, I think this is going to dump for a few more days the Head and Shoulder pattern is currently coming to its end, the price is losing its neckline, and we have a big resistance trendline which is pushing the price down each time it gets touched (this would be the EIGHTH touch) these are the levels i would consider if my scenario plays out: TP = 0.08 SL = 0.09 let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
Short
by opop777