đź’Ž COTI has recently undergone significant market dynamics. After breaking out of a major descending channel, it is currently in the process of a retesting phase at the trendline, coinciding with the demand area that was previously the supply zone.
đź’Ž If this retesting phase proves successful, indicated by a bounce in price, Probability we may witness a substantial upward movement toward our target strong resistance area.
đź’Ž However, if during the retesting phase at the demand area, COTI fails to show a favorable response such as a bounce or bullish candle rejection, it could signify a false breakout.
đź’Ž In such a scenario, COTI may revert into the descending channel, leading to a downward trajectory towards the support level, or potentially even lower.
đź’Ž If this retesting phase proves successful, indicated by a bounce in price, Probability we may witness a substantial upward movement toward our target strong resistance area.
đź’Ž However, if during the retesting phase at the demand area, COTI fails to show a favorable response such as a bounce or bullish candle rejection, it could signify a false breakout.
đź’Ž In such a scenario, COTI may revert into the descending channel, leading to a downward trajectory towards the support level, or potentially even lower.
Trade chiuso: obiettivo raggiunto
Bingo! #COTI is dancing to our tune, up 243.00% just like we predicted.
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đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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Want to trade like a PRO without the 15+ year learning curve?
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.