CONTINUATION OF #COTI 'S ATTEMPT TO BREAK RESISTANCE: OUR BEAUTIFUL 52.47% PLAY!
COTI continues to increase after rebounding from the support level of 0.07630. After we have observed this initial signs of rebounding, we enter a trade taking lesser risk and greater reward ratio. This resulted into a 52.47% profit with a risk-reward ratio of 4.29 which is considerably higher than normal RRRs that we have. The reason for taking this trade is the fact that this is the monthly low where most rebounds may happen. As well as this is the previously broken major resistance from last year. We follow different sets of checklist before we enter a trade in order to manage the risk strictly, enter at an optimal position and create trading decisions not based on emotions but on logical reasoning.
Stay wise, trade cautiously.
