$COAI Immediately go short! After a surge, it directly plummeted. This wave of increase was too rapid and lacked support. The most critical point is that retail investors are all clustered in long positions; how could the big players allow retail investors to make money? They will definitely turn around and smash the market to reap the profits!
What’s worse is that the contract open interest continues to decline. This is not a washout; the big players are secretly unloading their positions! Looking at the large traders' long-short ratio, the long position percentage has also been decreasing. The main players have long since left, leaving retail investors standing guard at the peak.
The 1-hour and 15-minute candlesticks are all bearish bars reflecting a surge followed by a drop, and the selling pressure directly breaks through support. Shorting directly at 0.627, stop-loss set at 0.64 (if it stabilizes at this position, just accept the loss and withdraw), take profit first at 0.6, if it breaks through, then directly target 0.58. This wave is a trap set by the main players; follow the shorts to profit!
