cocos has broken from the descending channel,it has taken out the liquidity(black line),i think it is going to move down.i am considering a short setup here
Friends COCOS take support in 44 moving avrage and show a green candle this is the good sign of buy and the risk reward ratio is 1:2 make some money but this is a analaysis not conform take risk your own analaysis thank you and god bless you
Cocos has been trading below 200 MA and it also broke the 50% Fibonacci level. The next level to watch is 61.8%.
If cocos doesn’t sustain near given 61.8% zone we can see bears getting in control.
Trade safe
