COTI / TetherUSLong
COTI LOOKS BULLISH
This is one of my larger positions that I have been trading around all year. This is the setup that I am looking for at the moment.
We already have a clear breakout through descending blue resistance with a retest as support. Now we are AT RESISTANCE (not a buy yet) at .15399. What we want to see is a break and retest of that level as support, with a target around the cycle high at .2788. It can go much higher, but this is the safest first exit. The circle is the trade idea.
My favorite indicator Trading Alpha (Use code '30OFF' for a 30% Black Friday discount) is showing consistent grey dots and an ascending green trackline, giving further confluence to the idea.
We already have a clear breakout through descending blue resistance with a retest as support. Now we are AT RESISTANCE (not a buy yet) at .15399. What we want to see is a break and retest of that level as support, with a target around the cycle high at .2788. It can go much higher, but this is the safest first exit. The circle is the trade idea.
My favorite indicator Trading Alpha (Use code '30OFF' for a 30% Black Friday discount) is showing consistent grey dots and an ascending green trackline, giving further confluence to the idea.
scott.melker@texaswestcapital.com
scott.melker@texaswestcapital.com
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