⚡️ Local bounce despite HTF: breaking down the long at $COTI /USDT
On the higher 4-hour timeframe, the trend still remains bearish, and the priority is Premium Sells Only. However, after a strong impulse rally on the 1h and 15m, the price has moved into a phase of deep correction and is now carefully dipping into the area of key support and the local order block of buyers.
🧠 What does the Smart Money analysis show?
Trying to short “in chase” at the very bottom of the pullback is a common mistake made by retail traders.
We’re forming a trading setup:
📍 Entry Zone: 0.0112 – 0.0115 (testing the local order block and support in the Discount zone)
🎯 Take Profit: 0.0135 (test of the upper resistance zone and update of the local high)
⛔️ Stop Loss: 0.0108 (a breakdown below will invalidate the local bullish structure)
💡 Summary: Trading local bounces against the higher timeframe trend requires strict risk control and the ability to lock in profit at the nearest resistance in time—without waiting for “space” targets.
Do you enter these local longs on the pullback, or do you prefer to wait for the price to be in the Premium zone for a short according to the HTF trend? Comment below! 👇
#Coti #crypto #trading #BinanceSquare #TechnicalAnalysis
On the higher 4-hour timeframe, the trend still remains bearish, and the priority is Premium Sells Only. However, after a strong impulse rally on the 1h and 15m, the price has moved into a phase of deep correction and is now carefully dipping into the area of key support and the local order block of buyers.
🧠 What does the Smart Money analysis show?
Trying to short “in chase” at the very bottom of the pullback is a common mistake made by retail traders.
We’re forming a trading setup:
📍 Entry Zone: 0.0112 – 0.0115 (testing the local order block and support in the Discount zone)
🎯 Take Profit: 0.0135 (test of the upper resistance zone and update of the local high)
⛔️ Stop Loss: 0.0108 (a breakdown below will invalidate the local bullish structure)
💡 Summary: Trading local bounces against the higher timeframe trend requires strict risk control and the ability to lock in profit at the nearest resistance in time—without waiting for “space” targets.
Do you enter these local longs on the pullback, or do you prefer to wait for the price to be in the Premium zone for a short according to the HTF trend? Comment below! 👇
#Coti #crypto #trading #BinanceSquare #TechnicalAnalysis