$COAI Market Update
$COAI is down around 5.5% with increased sell volume, indicating continued bearish pressure unless price reclaims key resistance.
Market Structure
* Trend remains bearish with downside momentum intact
* No confirmed bottom yet
* Bias stays bearish unless price holds above 0.3730
Short Scenario (If Confirmed)
* Watch 0.3730–0.3769 for potential retest
* Look for rejection signals (lower high, weak bounce, or momentum loss)
* Possible entry near 0.3730 only if rejection confirms
Downside Targets
* 0.3400
* 0.3208
* Extended: 0.3212 / 0.2772
Invalidation
* Close and hold above 0.3730, especially with volume, invalidates bearish setup
* Could open move toward 0.4000+
Summary
Price remains in a bearish structure. A short setup is only valid on confirmed rejection at resistance. Otherwise, a breakout above 0.3730 shifts momentum upward.