COTI/USDT Break alert!!! Ready for continue upward after retest!💎 COTI has recently undergone significant market dynamics. After breaking out of a major descending channel, it is currently in the process of a retesting phase at the trendline, coinciding with the demand area that was previously the supply zone.
💎 If this retesting phase proves successful, indicated by a bounce in price, Probability we may witness a substantial upward movement toward our target strong resistance area.
💎 However, if during the retesting phase at the demand area, COTI fails to show a favorable response such as a bounce or bullish candle rejection, it could signify a false breakout.
💎 In such a scenario, COTI may revert into the descending channel, leading to a downward trajectory towards the support level, or potentially even lower.