$COAI made a sharp impulsive move from 0.51 → 0.69+, but after hitting the 0.68–0.69 supply zone, it faced strong rejection and pulled back. This is classic pump → distribution → pullback behavior, not a strong continuation trend.

💡 Price Action Insights:

Rejected near 0.68–0.69 with heavy selling and multiple upper wicks.

Failed to hold 0.65, slipping below key intraday EMAs → momentum weakening.

Structure favors short-side scalps on rebounds, not chasing longs.

⚡ Key Levels:

Resistance: 0.65 – 0.67 (EMA cluster & breakdown zone)

Support: 0.60 – 0.59; deeper at 0.55 – 0.54

📉 Trade Setup:

Entry: 0.64 – 0.67

Take Profit 1: 0.60

Take Profit 2: 0.55

Stop Loss: 0.70

Leverage: 20x – 50x

Margin: 2% – 5%

Tip: Move stop to entry after TP1 hit to lock in profits

💬 Bottom Line:

No fresh bullish catalysts; recent rally fueled by short-term momentum. Market sentiment shifted to profit-taking, making rebounds vulnerable to sellers.

🔥 Strategy: Short $COAI below 0.67 for high-probability scalps.