$COAI 🔎 Chart & Price Action
• Current Price: $0.22036
• Daily Range:
• Low: $0.13462
• High: $0.58922 (a big wick, shows heavy volatility & sell-off at peak).
• Market Cap: $43.33M
• Liquidity: $1.58M (thin liquidity = higher risk of volatility).
• Holders: ~41K
The large upper wick suggests buyers pushed strongly upward, but sellers quickly took profit, causing rejection from the $0.58 zone.
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📊 Technical Observations
1. Support Zone:
• Around $0.13 – $0.14 (where price bounced up).
2. Resistance Levels:
• Immediate: $0.25 – $0.28 (short-term resistance zone).
• Strong: $0.40 – $0.42 (next upside target if breakout happens).
• Major: $0.58 (previous rejection point).
3. Candle Formation:
• After the long wick, price consolidated near $0.22.
• Shows some stabilization — could signal accumulation if it holds above $0.20.
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✅ Long Trade Signal
• Entry Zone: $0.20 – $0.22 (current accumulation area).
• Stop Loss: Below $0.134 (recent swing low).
• Targets:
• TP1: $0.28
• TP2: $0.40 – $0.42
• TP3: $0.58 (aggressive target if momentum revives).
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⚠️ Risk Factors
• Extremely high volatility (big spikes/wicks).
• Liquidity is thin, so price can be manipulated.
• If it drops below $0.134, bearish continuation likely.
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👉 In summary:
This is a high-risk, high-reward setup. If you’re considering a long trade, entries around $0.20–0.22 with strict stop-loss discipline make sense. The momentum could carry it back to $0.28+ quickly, but rejection zones are strong above.
#CoalForPeace