COAI, where do you stand on this wave: panic release or continued weakness?

COAI has dropped 17.30% in the past 24 hours, pulling back quite a bit. Right now, it's not just about how much it's dropped, but whether the sell pressure is nearing its end. The current price is around 0.2906, with a 24-hour trading volume of about 7.9875 million. The increase in volume seems more like a concentrated panic sell-off.

Reference indicators: 30m Super Trend at 0.299750, with the current price above it, indicating a trend continuation structure; 30m KDJ at 79.07/81.41/74.37 suggests short-term volatility is overheated; conversely, if the J value fails to rebound, short-term volatility could easily weaken again.

I’ll break down my judgment into two tickets: one ticket to see if the trend support can be reclaimed, and the other to check if the short-term rebound forms a second confirmation. Only if both tickets are stable can we consider it a recovery; if only one is stable, it’s still a consolidation.

Comment below: do you see continuation or a pullback?

#COAI #Alert