$COAI
Current price is 0.3272 to enter, target 0.30-0.28, with a stop loss at 0.38 for rebounds.
Since dropping from 0.48, there hasn't been any effective rebound. The hourly chart's moving averages are in a bearish arrangement, clearly suppressing prices; every time there's an attempt to bounce back, it's being pushed down by the MA10. If the previous low at 0.31 breaks, it signals the start of an accelerated drop. Don’t catch falling knives, keep holding your short positions.
Current price is 0.3272 to enter, target 0.30-0.28, with a stop loss at 0.38 for rebounds.
Since dropping from 0.48, there hasn't been any effective rebound. The hourly chart's moving averages are in a bearish arrangement, clearly suppressing prices; every time there's an attempt to bounce back, it's being pushed down by the MA10. If the previous low at 0.31 breaks, it signals the start of an accelerated drop. Don’t catch falling knives, keep holding your short positions.