📈 COA/USDT – 1-Week Trading Setup

📌 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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