HIgh risk - High reward โ COAI
RSI is heavily oversold on both the 1h and 4h timeframes, with a clear bullish divergence forming on the 15m. Price has experienced a deep and extended decline from the local high, signaling exhaustion of selling pressure. A recovery bounce from this zone is highly probable. This is a high-risk, high-reward setup, requiring strict adherence to the stop-loss.
๐ฏ Trade Setup:
Take Profit (TP): 9.831
Stop Loss (SL): 0.438
Risk/Reward Ratio (RR): 1 : 26.23
A disciplined long entry targeting a strong rebound driven by extreme oversold conditions and bullish divergence.
COAIUSDT
Perp
0.5734
+9.30%