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salahuddinayube12
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will be Rocket for next hour Insha Allah
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Assalamualaikum 🐋🐳 last week I shared my thoughts 💭 to many trades laughing it my post . Now check the results . wake up to reality Guys and see 😊🙈 $NOT $COS $ATA
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Hello everyone i want to buy spot coin for long term . suggest me plx
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Today, I was honored to receive the Creator of the Year 2023 Award from Binance Exchange! 🏆🔶🧡 This recognition is a testament to our collective efforts. Thanks For Your Support 🙏♥️🤝
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⚠️Understanding COS/USDT's W-Bottom Breakout: A Bullish Case🚨 Introduction to COS/USDT and Technical Analysis COS/USDT is the trading pair between Contentos (COS), a blockchain-based content ecosystem, and Tether (USDT), a stablecoin pegged to the US dollar. Understanding the technical aspects of its price movements can help traders make informed decisions. Recently, COS/USDT broke out of a W-Bottom formation on the weekly chart, signaling a potential bullish trend. Let's delve into what this means and why it is significant. Explaining the W-Bottom Formation What is a W-Bottom Formation? A W-Bottom, also known as a double bottom, is a bullish reversal pattern that indicates a shift from a downtrend to an uptrend. It consists of two low points (forming the "W") at roughly the same level, separated by a peak in the middle. The pattern is confirmed once the price breaks above the middle peak. Key Characteristics: Two Troughs: The formation starts with a decline, followed by a rise, and another decline to the same level. Middle Peak: The rally between the troughs creates a resistance level. Breakout: When the price moves above the middle peak, it confirms the pattern. Analyzing COS/USDT's W-Bottom Breakout COS/USDT Weekly Chart Analysis Formation Period: Identify the time frame over which the W-Bottom formed. Volume Trends: Analyze volume changes during the formation. Increased volume at the breakout point adds validity to the pattern. Resistance and Support Levels: Highlight the resistance level (middle peak) and new support levels post-breakout. Bullish Implications of the Breakout 2. Project Upwards: Add the height of the pattern to the breakout point to estimate the first price target. 3. Secondary Targets: Use Fibonacci extensions and historical resistance levels for further targets. $COS $BTC $PEPE
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