COAIUSDT.P: short setup from daily support at 0.831

Nov 11

COAIUSDT.P is currently trading near its historical lows.
The setup looks ambiguous: on one hand, there are signals supporting a continuation of the short trend;
on the other, we might be seeing parabolic-style accumulation.

In any case, a local 5:1 move looks realistic in my view.

The chart stands out because on the lower timeframe, the price hit the support level almost to the tick,
a level formed a few days ago when the asset halted its drop and entered consolidation.

Such precise touches usually indicate a limit player positioned at the level —
and if that level gets broken, the asset could fall sharply.

I expect low volatility near the level,
and an additional confirmation would be a daily close below the current bar’s low or right at the level.

Key factors for this scenario:

• Global & local trend alignment
  
• Volatility contraction on approach
  
• Price void / low liquidity zone beyond level
  
• Momentum stall at the level
  
• Immediate retest
  
• No reaction after a false
  
• Closing near the level
  

Nov 12

Note

Today, another precise touch of the level revealed a limit player who still acts as a holding factor against further decline.
Continuing to observe.

Nov 13

Trade closed: target reached

Nov 13

Note

COAIUSDT.P — we’ve got an impulsive breakout of the level, which indicates that the limit player has been defeated.
I personally didn’t get an entry point, since this type of breakout “from a distance” doesn’t align with my trading strategy, but the analysis itself was correct.