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$COTI already broke down from the bigger timeframe uptrend channel, and that’s not something bulls wanted to see.
Structure is weakening fast, and the chart is starting to flip bearish.
• Major trend support lost
• Momentum fading across higher timeframes
• Sellers slowly gaining control
• Weak market conditions adding more pressure
If this breakdown confirms with continuation, a deeper dump could follow next.
This setup looks risky for late longs right now.
Tracking closely because volatility could expand hard from here.
#GateSquareMayTradingShare