$COAI just saw a Short Liquidation of $5.7632K at $3.14755, and this pullback is healthy. Corrections like this help flush out weak positions and give room for the next leg up. I’m watching closely as they’re building strength near a key support area.

Trade Setup:

Entry Zone: $3.10 – $3.16

Target 1: $3.28

Target 2: $3.40

Stop Loss: $3.05

This zone is strong because it coincides with previous demand levels and aligns with the 0.5 Fibonacci retracement of the recent upward move. If this level holds, buyers could step in aggressively, pushing price toward Target 1 and beyond.

I’m personally observing the reaction here — a clean bounce with volume would confirm that strength is building.