$COAI sharply rolled over from the local peak $0.3376 and broke through the EMA7 support — will sellers push the price further down to the $0.2800 mark?
$COAI - 🔴 SHORT · Conf 85%
Trading plan:
• Entry zone: 0.3100 – 0.3180
• SL: 0.3280
• TP1: 0.3020
• TP2: 0.2900
• TP3: 0.2800
Why this setup specifically?
• Impulsive break of EMA7 (0.3175) and EMA25 (0.3157) downward on the 1h chart after forming the local high of $0.3376.
• A significant layer of long liquidations on the heatmap in the $0.2800–0.2950 range, acting as a strong target zone for sellers.
• Declining buying volumes after the initial pump, indicating bull exhaustion and a transition into a phase of deep correction.
• Favorable risk-to-reward ratio with the stop at the interim resistance of $0.3280.
Will buyers hold the EMA99 support near $0.3019, or will the bears fully close out the local downward move?
⚠️ Analysis is for informational purposes only. NFA — manage risk and DYOR.
$COAI - 🔴 SHORT · Conf 85%
Trading plan:
• Entry zone: 0.3100 – 0.3180
• SL: 0.3280
• TP1: 0.3020
• TP2: 0.2900
• TP3: 0.2800
Why this setup specifically?
• Impulsive break of EMA7 (0.3175) and EMA25 (0.3157) downward on the 1h chart after forming the local high of $0.3376.
• A significant layer of long liquidations on the heatmap in the $0.2800–0.2950 range, acting as a strong target zone for sellers.
• Declining buying volumes after the initial pump, indicating bull exhaustion and a transition into a phase of deep correction.
• Favorable risk-to-reward ratio with the stop at the interim resistance of $0.3280.
Will buyers hold the EMA99 support near $0.3019, or will the bears fully close out the local downward move?
⚠️ Analysis is for informational purposes only. NFA — manage risk and DYOR.
