$COTI/USDT 12h (#BinanceFutures)Descending channel on resistance

Currency Of The Internet just got rejected on 200MA and could reverse here.
coti.io

Comment:

Current Price= 0.27959
Sell Entry= 0.28409 - 0.30145
Take Profit= 0.24217 | 0.21253 | 0.18288
Stop Loss= 0.33511

Risk/Reward= 1:1.2 | 1:1.9 | 1:2.6
Expected Profit= +17.28% | +27.41% | +37.54%
Possible Loss= -14.46%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 6 weeks

Trade active:

First entry filled

COTI started retracing down yesterday almost hitting TP1 then bounced back to supply zone. Let's be patient enough!

Trade active:

2nd and 3rd entries filled

CurrencyOfTheInternet regained 200MA but still being rejected on upper-line channel, let's stick to the plan here!

Trade closed: stop reached:

SL hit with -14.46% (1x) and -1R

COTI broke-out bullish after all after being rejected a few times.

Trade closed: target reached:

TP1 would have been reached with +17.28% (1x)

CurrencyOfTheInternet retraced down after all, seems like it was a bull-trap / stop-hunt..