【$COAI Signal】1H pullback confirmation, secondary attempt to push higher

$COAI The 1H timeframe has experienced a massive rally and is now undergoing a healthy pullback, with the price stabilizing around 0.422. The 1H EMA20 (0.4072) provides strong dynamic support. RSI on the 1H chart (59.27) remains in the bullish zone, indicating sustained bullish momentum. Although the latest 1-hour candlestick closed lower and the buying volume is relatively low, market depth shows that selling pressure is not concentrated. This is a typical profit-taking correction rather than a trend reversal. Open interest remains stable, and funds have not exited significantly, paving the way for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.4210 - 0.4230 (Reason: Rebound to the lower boundary of the current consolidation zone and dense trading area, support is effective)

🛑Stop Loss: 0.4150 (Reason: Break below the 50% retracement of the previous rally and the 1H EMA20 support, structure is broken)

🚀Target 1: 0.4450 (Reason: Previous high resistance area, also the first peak of the intraday rally)

🚀Target 2: 0.4650 (Reason: Breakout above previous high and 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Hot Coin experiences high volatility and is in a high-level consolidation, risk is elevated)

- Execution strategy: After reaching 0.4450, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.4230. If the price fails to break through 0.4450 and falls below 0.4230, exit all positions.

Order book logic: Price surged violently from 0.4059 by 18% to 0.4650, then retraced to 0.4218. This pattern aligns with the classic "rapid rise - consolidation - further push" of Hot Coins. Market depth imbalance is at -1.84%, with slightly more sell orders, but a large number of buy orders are stacked in the 0.419-0.421 zone, forming a solid defense line. The 1H RSI has not entered overbought territory, leaving room for upward movement. The key is whether the price can form a 1-hour pin bar or bullish engulfing pattern above 0.4210 to confirm the end of the correction.

Trade here 👇 $COAI

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