Yello! Is #COTIUSDT poised for a bullish breakout? It's sitting on a crucial demand area, which could ignite a significant upward move. 📈 But before we get too excited, let's look at the key confirmations needed.
💎For a bullish market structure on the lower timeframes, we need to see an Internal Change of Character (I-CHoCH) and an Internal Break of Structure (I-BOS). Watch for these signals closely.
💎If #COTIUSDT forms an inverse head and shoulders or a "W" pattern, it could further boost the likelihood of a bullish move. Stay alert and monitor these formations.
💎This idea goes against the short-term trend, so proceed with caution and use a small quantity. If the price closes below the demand zone, our bullish hypothesis will be invalidated.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Stay disciplined and patient, Paradisers. This is the only way you will make it far in your crypto trading journey. Be a PRO. 💰