🚨 $COAI : Reversal Alert: Bull Trap Confirmed – Short Setup 📉

Plan Trade: Short 🔴

Entry Zone: 0.581 - 0.569

Take Profit:

🎯 TP1: 0.535

🎯 TP2: 0.523

🎯 TP3: 0.503

Stop Loss: 0.606

COAIUSDT

Perp

0.5649

-1.65%

🔥Technical Analysis:

• Price Action: Long upper wicks on D1 and H4 (Peak 0.6611) confirm a strong rejection and heavy profit-taking at resistance.

• Trend: While H4 shows short-term strength, the price remains below the D1 dynamic resistance (EMA 25 at 0.70), keeping the long-term downtrend intact.

• Momentum: H4 RSI is diving from the overbought zone (>70), signaling bullish exhaustion and an imminent correction.