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
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