🔥 $COAI Spotting a Potential Reversal Amid the Dip
it's been in a bit of a rough patch with that bearish vibe hanging around, but I'm seeing some early signs of consolidation that could flip the script. Not calling for fireworks just yet, but this feels like one of those setups where smart money might start nibbling.
*Volume Check: The latest candles are telling a story of fading momentum on the downside—volume's dropped to around 27k on that last red bar, way below the usual 30-50M we've been seeing. Remember that massive 2.5B spike back in March when it pumped? That baked in some solid support right around here, and with selling looking exhausted, it wouldn't shock me if buyers step in soon.
*Capital Flows: Futures side's been bleeding out steadily—net outflows from -50k in the last 15 mins up to -1.65M over 24h. That's leveraged shorts unwinding, which often sets the stage for a cheeky short squeeze, especially when the charts are screaming oversold.
*My Play $COAI : Going contrarian with a cautious long here.
If you're aggressive, jump in now around 0.3878-0.3900—feels like a decent spot to test the waters. Playing it safe? Wait for a dip to 0.3680-0.3720 near the bottom Bollinger band.
Stop it tight at 0.370 if you're in now, or 0.3510 lower down—that covers the recent lows and gives breathing room.
$COAI Aiming for 0.425-0.435 on the upside, right up to the MA5 and middle BB.
Anyone else loading up, or am I too optimistic?
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