⚠️ $COTI SHATTERS DESCENDING TRIANGLE — BEARS GRIP CONTROL ON THE LARGE TIMEFRAME 📉
📉 The long-standing descending triangle on $COTI has finally given way, and breakdowns on higher timeframes rarely fake out. This structure held for weeks, soaking up bids — now those trapped longs become overhead supply.
📊 Price is reacting to a clean neckline rejection with volume expanding into the sell side. The path of least resistance is lower. Watch for a retest of the breakdown zone to short into if we get a dead cat bounce.
💬 Do you think $COTI can reclaim that neckline before the next leg down, or is this the start of a prolonged bear phase? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #COTI #Bearish #Breakdown #DescendingTriangle #Crypto
🐻 📉
📉 The long-standing descending triangle on $COTI has finally given way, and breakdowns on higher timeframes rarely fake out. This structure held for weeks, soaking up bids — now those trapped longs become overhead supply.
📊 Price is reacting to a clean neckline rejection with volume expanding into the sell side. The path of least resistance is lower. Watch for a retest of the breakdown zone to short into if we get a dead cat bounce.
💬 Do you think $COTI can reclaim that neckline before the next leg down, or is this the start of a prolonged bear phase? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #COTI #Bearish #Breakdown #DescendingTriangle #Crypto
🐻 📉