Warning and Disclaimer 🚨
This analysis is a technical opinion based on reading indicators and does not constitute financial or investment advice. We do not assume any negative outcomes due to incorrect trading. Trading cryptocurrencies is highly risky, especially the COAI coin which is undergoing a liquidation phase.
Current situation update: the rebound is facing a wall
The current situation (price $1.524) confirms that the tactical rebound that started from the bottom ($1.46) has made good progress
Indicator readings:
Immediate resistance: The currency has surpassed the medium resistance MA(25) at $1.35 and is now facing strong psychological resistance at $1.60.
MACD (momentum): The positive MACD crossover is still strong, supporting the continuation of the rise.
RSI/StochRSI: The StochRSI indicator is at 17.16, indicating that the rebound may slow down a bit.
The next expected scenario (strongest probability) ⬆️
The strongest scenario is that the tactical rebound continues until it reaches the first profit-taking target.
Tactical scenario: Targeting upper resistances
The forecast: The currency will continue to rise to test the psychological resistance at $1.80 then $2.00.
Danger: If the price fails to hold above $1.45, it will drop back down.
Buy and sell points (current speculation strategy) 🎯
Since we are in a profit-taking phase after entering from the bottom, the focus should be on exiting:
New purchase and positioning (mandatory stop) 🚫
Recommendation: Stop buying now. Any entry should only be made upon breaking and holding the price above $2.20 to confirm a significant reversal, which is currently unlikely.
Selling and exiting (smart exit) 💰
Mandatory stop-loss (radical protection): A sell order must be placed at the close of an hourly candle below $1.40 🚨. This order remains the last line of defense to protect capital.
First profit-taking (quick target): Sell in the range of $1.80 - $2.00. At that point, 50% of profits should be secured to ensure the success of the trade.
Second profit-taking (optimistic target): Targeting the area that used to represent strong resistance, in the range of $2.20 - $2.50.
Final recommendations and tips from the Terminator team 🚀
Always trade wisely. The COAI and whales are largely in control. We advise you to quickly capitalize on this rebound and exit immediately upon achieving the set targets.
Mandatory exit order (radical protection): A sell order must be placed at the close of an hourly candle below $1.40 🚨. Breaking this critical bottom means a continuation of the collapse, and one should exit immediately and at 100% to protect capital.
The wise thing: Profit on the table is not profit for you. Stick to selling part of the quantity in the range of $1.80 - $2.00 to ensure the success of the tactical trade.
With my best regards and appreciation, the Terminator team.
