$COAI /USDT SHORT TRADE SETUP
Current Price: 1.935 USDT
The $COAI chart shows a sharp V-shaped reversal after an aggressive move from the low of \text{1.860} to the high of \text{2.342}. The price has sold off just as aggressively and is currently consolidating near a minor support level around \text{1.936}. Given the strong bearish momentum after the top, a breakdown of the current consolidation is expected, which would lead to a retest of the recent swing low.
Entry Point
Entry Zone: 1.930 – 1.950 (Shorting the continuation of the bearish momentum after the failed rally)
Target Points
TP1:
1.890 (Minor support level from previous consolidation)
TP2: 1.860 (Retest of the major swing low)
TP3: 1.800 (Potential extension to a new lower low)
Stop Loss
Set stop loss just above the recent consolidation high at 2.050 to protect capital against a reversal back into the previous rally's range.
Sell and Trade here on $COAI