🧠 $COAI
TIME to JUMP in ?🔥🔥
⚙️ Market Context
Current price: 7.75
$Trend: Strongly Bearish
EMAs (9, 21, 200): All above current price → downtrend confirmed.
RSI(14): 35 → weak bounce from oversold.
MACD: Slightly bullish, but still under zero line → only a relief move, not a trend reversal.
📉 Setup Type: Short After Pullback
🎯 Entry Zone
Wait for price to pull back near EMA21 (8.4–8.6)
Confirm entry with:
A red rejection candle (bearish engulfing or long upper wick)
MACD histogram turning red again on 15m
RSI turning back below 40
➡️ Entry: 8.45 (approx.)
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🛑 Stop Loss
Place just above EMA21 resistance
➡️ Stop Loss: 8.70
🎯 Take Profit Targets
Target Price Note
TP1 7.20 Previous swing low
TP2 6.80 Psychological round level & potential support
TP3 6.50 Extended target if momentum continues
⚖️ Risk–Reward Ratio
Entry: 8.45
SL: 8.70 (−0.25)
TP1: 7.20 (+1.25)
✅ Summary
Action Description
Direction SHORT
Entry 8.45 (after rejection)
Stop Loss 8.70
Take Profit 7.20 / 6.80 / 6.50
Risk 1% of capital
Timeframe 15m (short-term scalp)
Bias Bearish trend continuation