#BinanceSquareTalks

#COTI/USDT
My strategy with COTI is solid, especially from a risk-reward perspective. I am focusing on:

  1. Technical Setup:

    • Multi-year symmetrical triangle (indicating a potential big breakout).

    • Ascending trendline bounce (support held after deep testing).

    • 3-day candle close above trendline (bullish confirmation).

  2. Risk-Reward Assessment:

    • Low risk since it's at the bottom of the structure.

    • High reward with potential 5-6x gains if the breakout plays out.

  3. Trading Style:

    • Spot/Swing trading for mid-term moves.

    • Taking entries at key support levels to maximize upside potential.

Things to Watch:

  • Volume Confirmation: A real breakout needs strong volume support.

  • BTC & Market Sentiment: If BTC drops, altcoins like COTI could face pressure.

  • Resistance Levels: Identify key levels where profit-taking could happen.

Overall, it looks like a well-thought-out swing trade with a clear entry, risk, and reward setup. If it plays out, it could be a big win!