Weekly Resistance has been broken, And COTI tested the Monthly Level retracing back to test the weekly level. 90 percent of the time when a level is broken whether support or resistance it is tested on its pull back and most of the times it is rejected.
Here, a new support has been made for COTI, but at the same time we have tested the monthly level as well. But as i said before, the weekly resistance which was broken has become a support now and has been rejected is going to test monthly level again.
We may see some consolidation as the zone between two Levels is quite narrow.
But, the candles are respecting the trend lines, so COTI is going for a monthly level test again, if it breaks the monthly, we may be in a bullish move.
You guys can long from 320 to 370 zone, but with a tight stoploss as COTI is in consolidation. Wait for either of the levels to break.
Thanks and trade safe.
Here, a new support has been made for COTI, but at the same time we have tested the monthly level as well. But as i said before, the weekly resistance which was broken has become a support now and has been rejected is going to test monthly level again.
We may see some consolidation as the zone between two Levels is quite narrow.
But, the candles are respecting the trend lines, so COTI is going for a monthly level test again, if it breaks the monthly, we may be in a bullish move.
You guys can long from 320 to 370 zone, but with a tight stoploss as COTI is in consolidation. Wait for either of the levels to break.
Thanks and trade safe.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.