$COTI is testing whether this breakout can actually hold.
Open interest is expanding with the move, and volume is backing the move.
I would rather see price reject around $0.017417–$0.01754 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.017675.
Is this level enough for you, or do you want another confirmation first?
#COTI #Trading
Trade plan: SHORT
Entry: $0.017417 - $0.01754
SL: $0.017675
TP1: $0.017088
TP2: $0.016954
TP3: $0.016936
Open interest is expanding with the move, and volume is backing the move.
I would rather see price reject around $0.017417–$0.01754 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.017675.
Is this level enough for you, or do you want another confirmation first?
#COTI #Trading
Trade plan: SHORT
Entry: $0.017417 - $0.01754
SL: $0.017675
TP1: $0.017088
TP2: $0.016954
TP3: $0.016936
