$COTI/USDT 12h (#BinanceFutures)Descending channel on resistance

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Currency Of The Internet just got rejected on 200MA and could reverse here.
coti.io
Nota
Current Price= 0.27959
Sell Entry= 0.28409 - 0.30145
Take Profit= 0.24217 | 0.21253 | 0.18288
Stop Loss= 0.33511

Risk/Reward= 1:1.2 | 1:1.9 | 1:2.6
Expected Profit= +17.28% | +27.41% | +37.54%
Possible Loss= -14.46%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 6 weeks
Dagangan aktif
First entry filled

COTI started retracing down yesterday almost hitting TP1 then bounced back to supply zone. Let's be patient enough!

syot kilat
Dagangan aktif
2nd and 3rd entries filled

CurrencyOfTheInternet regained 200MA but still being rejected on upper-line channel, let's stick to the plan here!

syot kilat
Dagangan ditutup: hentian tercapai
SL hit with -14.46% (1x) and -1R

COTI broke-out bullish after all after being rejected a few times.

syot kilat
Dagangan ditutup: sasaran tercapai
TP1 would have been reached with +17.28% (1x)

CurrencyOfTheInternet retraced down after all, seems like it was a bull-trap / stop-hunt..

syot kilat
BSCcotiCOTIUSDTcurrencyoftheinternetDAGDEFIMoving AveragesParallel ChannelpaymentSupport and Resistance

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