COCOS broke out of the pattern and was retested recently.
The chart shows the possibility of a massive pump in the next few weeks based on the following reasons:-
1. Broke out of a long term resistance and retested
2. Trading above the Blue and the Red MA which indicates signs of reversal.
3. Good volume pouring in since the last few weeks.
ENTRY:- $1.03 to $1.23
If you want to get in, get in partially add on every dip...
Targets:-
$1.36
$1.62
$1.88
$2.18
$2.74
$3.39
$4.28
$5.36
Stop Loss:- $0.981
Do your own research before taking this trade, I am not a financial advisor.
These are mid-term trade setups not meant to be taken as a scalping setup.
Also, If you want me to post more of these trade setups, do hit the like button and share your views in the comments section.
Thank you
#PEACE