$COAI is currently in a clear downtrend. 📉

Volume has significantly decreased during the sell-off, suggesting selling exhaustion rather than outright panic. There's no aggressive capitulation observed yet.

Capital flow is concerning, showing consistent net outflows across all timeframes. 🏦
This trend aligns with recent price drops, indicating potential institutional distribution.

My bias for $COAI remains bearish, but I'm approaching with caution. I'm looking for a short setup.
Entry: A pullback to resistance around 0.4764 with confirmation.
Secondary Entry: A break below support at 0.3550 with strong volume.

SL: 3.5% from Entry.
Targets:
S2: 0.3131
S3: 0.2336

I'm maintaining a bearish outlook due to bearish MA alignment, persistent outflows, and the absence of clear reversal patterns. The Bollinger Bands suggest upcoming volatility, with momentum favoring further downside. ⚡️

However, a close above the MA120 (0.3970) with volume could invalidate the bear case and lead to a bounce towards MA20 (0.4893). I would re-evaluate my position if this occurs. ⬆️

What are your plans for $COAI? Are you holding, shorting, or observing? Share your thoughts below! 👇
#COAI #coaiusdt #ChainOperaAI