COTI's looking ripe for a short, with the market structure break being a major red flag. Price is hovering near a key area of resistance, making this a potential reversal zone.
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$COTI SHORT 📉 — Trade Plan
• Entry: $0.012372 – $0.012396
• Stop: $0.012756 (-3.0%)
• Target 1: $0.012198 (+1.5%)
• Target 2: $0.011765 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The CHoCH signal just fired, confirming the break in market structure, and volume's backing it up with CVD. The FVG and OB are stacked on top of each other, creating a sweet spot for a short, and POI confluence is giving this setup some serious weight. It's a pretty textbook short setup, to be honest.
A 3.0% stop loss feels about right for this trade, and I'd be using 2x-3x leverage to maximize returns without overexposing myself.
If we hit TP1, I'm taking some profits off the table to lock in some gains and then letting the rest ride to see if we can get to TP2.
Not financial advice — always manage your own risk 🙏
$COTI #COTIUSDT #SMC #TradingSignals #Write2Earn