๐จ
$COAI SHORT SETUP โ THE SPIKE JUST BAITED LATE BUYERS ๐จ๐ป
Entry: 0.382โ0.386 โก
Target: 0.375 / 0.368 / 0.360 ๐ฏ
Stop Loss: Above 0.399 โ ๏ธ
That vertical spike did its job โ it dragged in the FOMO crowd chasing the move. ๐ฉธ But when late buyers pile in after an extended pop, that's exactly where the market loves to reverse. The short zone sits right in the kill zone: 0.382โ0.386, where liquidity is fresh.
This candle structure suggests a classic supply trap. ๐ If price can't defend above 0.399, expect those late longs to become the fuel for the drop. The path down opens through 0.375, then 0.368, and finally 0.360 if momentum accelerates. ๐ฌ Are you fading this spike with me, or waiting for confirmation below support? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#COAI #ShortSetup #SupplyTrap #Crypto ๐ป ๐ป