๐จ Technical Update for COAI | Coming Opportunity or Temporary Peak? ๐จ
๐ฅ COAI has made an astonishing rocket jump with an increase of over +77%, catching attention with an extremely strong parabolic bullish momentum after a prolonged accumulation period.
๐ Current Technical Situation:
The price has successfully broken through major moving averages with substantial trading volume, confirming the strength of the bullish trend. Despite this momentum, the RSI indicator shows very high readings exceeding 90, indicating extreme overbought conditions and a likely natural and healthy correction to retest support areas.
โ ๏ธ Advice: Direct entry from current peaks carries risks; it's better to catch the retracement during pullbacks.
๐ Proposed Trading Plan:
๐ฏ Entry Zones (Gradual Buying):
First zone: between $0.5400 - $0.5600 (for quick scalping).
Second zone (stronger): between $0.4500 - $0.4800 (building excellent investment positions).
๐ Upcoming Targets:
โ
First Target: $0.6660 (breaking the current peak).
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Second Target: $0.7500.
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Third Target: $0.8500.
โ Stop Loss (Safety Valve):
Close a 4-hour candlestick below $0.4300.
๐ฌ Share your thoughts in the comments: Did you ride the wave or are you waiting for the correction to snag prices from support areas? ๐
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$COAI