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
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.