📌 Pair: $COA /USDT
🕒 Timeframe: 1-Week Swing Trade
📅 Plan Valid: December 14 – December 21, 2024
✅ Entry Zone:
0.5600 – 0.5800
Pullback into support after a +16.02% rally
🎯 Take-Profit Targets:
TP1: 0.6200 (Break above immediate resistance)
TP2: 0.6400 (Mid-range resistance)
TP3: 0.6611 (24h high retest)
🛑 Stop Loss:
0.5000
Below 24h low of 0.5109 for safety buffer
📊 Key Levels:
Support: 0.5600 → 0.5400 → 0.5109 (24h Low)
Resistance: 0.6200 → 0.6400 → 0.6611 (24h High)
🧠 Strategy & Rationale:
COA has risen +16.02% with moderate volume (94.34M COA / $54.79M USDT). The price is currently pulling back from the 24h high of 0.6611, offering a potential entry near the 0.5600–0.5800 support zone.
This area aligns with previous resistance-turned-support and provides a favorable risk/reward setup for a swing toward the recent high over the next week.
Why this setup works:
Healthy uptrend with clear higher lows
Pullback offers improved entry vs. chasing the high
Defined support and resistance levels on the chart
Volume indicates sustained trader interest
Risk Management:
Use 2–3% of capital per trade
Consider scaling into the position across the entry zone
Move stop loss to break-even once TP1 is hit
Take partial profits at TP1 and TP2, trail the rest
📈 Setup Type: Pullback Buy in Uptrend
⚖️ Risk/Reward: ~1:3
✅ Confidence: Medium
👉 Stick to your plan, manage risk wisely, and avoid emotional trading decisions.
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