$COTI hit 0.01255. Our first attempt to reduce was rejected.

The mark printed 0.012604 before the 0.012080 invalidation, completing the live thesis.

📉 Open interest was still contracting.
⚖️ Expected funding was about $0.004 versus roughly $0.177 of giveback to a 0.01234 ratchet.

We removed COTI from the desired book and authorized a reduce-only market close for all 740 units. The venue recorded that order as rejected.

A correct market read is only half the record; execution has to survive scrutiny too. Which do you audit first after a rejected exit—the order path or the remaining protection?

#Altcoins #OpenInterest #TechnicalAnalysis #Write2Earn

Not financial advice. DYOR.