$COTI : Symmetrical Triangle Breakout Looming!
Market Structure Insight:
$COTI is consolidating within a large symmetrical triangle on the weekly chart, signaling a potential explosive move soon.
The 50 MA is acting as a critical support level, keeping bullish hopes alive.
What’s Next?
1️⃣ Buy Zone:
Look for entries around $0.14–$0.15, near the 50 MA support. Wait for a bounce confirmation before entering.
2️⃣ Targets After Breakout:
Target 1: $0.19
Target 2: $0.27
Target 3: $0.42
Target 4: $0.75 (major long-term target)
3️⃣ Stop Loss:
Place your stop loss at $0.13, just below the triangle support, to protect against a breakdown.
Why This Pattern Matters
Symmetrical Triangle Potential:
This pattern often leads to a strong breakout in either direction.
With price approaching the apex, volatility is expected soon.
Pro Tip:
If the price breaks and closes above $0.17, it will confirm the bullish breakout.
Volume should spike to validate the move.
Risk Management
Keep risk low by allocating only 1–2% of your capital to this trade. Stick to your stop-loss level and avoid overleveraging.
Key Takeaway
COTI is gearing up for a significant move. If support at $0.14–$0.15 holds, we could see a powerful rally toward higher targets.
Patience and disciplined risk management are crucial as the breakout unfolds.