COAI recently formed a double bottom pattern on the daily chart, accompanied by increased volume on the 15-minute level, currently at a critical rebound stage. From the trend perspective, the outline of the upward channel has become gradually clearer.
For investors interested in participating, you can look for opportunities around the 0.45 level. In terms of risk control, it is recommended to set the stop loss below 0.402 to avoid the risk of extreme downward movement.
As for profit targets, they can be viewed in stages: the first stage focuses on 0.468, the second stage on 0.489, and further up at the 0.562 level. If the price continues to break through, there is still more room for upward potential. Of course, all of this depends on the trend maintaining its current strength, and the subsequent market development still needs to be observed.
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LiquidatorFlash
· 01-06 09:57
Double bottoms indeed have points of interest, but is the 0.402 line really enough... Once liquidation risk is triggered, stop-loss will be hit instantly. Don’t ask me how I know.
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Entering at 0.45 sounds good, but the question is whether the volume increase on the 15-minute chart can be sustained on the daily chart. I still have a bit of PTSD.
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Seeing profits in stages looks comfortable, but in actual operation, there’s often only one stage—being trapped.
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The "gradually clear" upward channel—every time I hear this, then it returns to the starting point. Is this time really different?
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Friends with leveraged positions, pay attention to the collateral ratio. If it drops below 0.402, borrowing liquidation will happen very quickly.
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Basically, it’s a bet on maintaining strength, but when isn’t the market betting on that?
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SighingCashier
· 01-04 10:50
Double bottom indeed looks promising, but whether the 0.402 level can hold is the key.
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This rebound feels like the last chance. Should I enter at 0.45 or at 0.468...
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Always watching double bottoms and channels, but a single bearish signal just broke through 0.402. What do you believe in?
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Phase-by-phase profit-taking sounds great, but I'm worried about losing everything in one go when the market turns against me...
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Wow, once again it's all about imagination space. The most talked-about topic in the crypto circle is imagination space haha.
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Be mentally prepared to enter at 0.45; the rebound could end at any time.
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Basically, it’s about whether we can hold steady at the critical level. If we can't, everything is for nothing.
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Has anyone really been averaging down around 0.45, or are they all just looking at reports?
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This rebound is definitely stronger than the previous two, but I don’t know how long it can last.
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Don’t just look at the target price; first see how 0.402 holds before considering anything else.
View OriginalReply0
MemeKingNFT
· 01-03 10:56
Double bottom formation is here again. Will this be another mirage this time?
Entering at 0.45 depends on market sentiment; rookie mentality must be avoided.
Stop loss below 0.402. If this wave breaks it, I'll admit defeat and exit.
0.468, 0.489, 0.562... No matter how beautiful the numbers are, they can't withstand a black swan.
Maintaining strength is key, but do you believe the next second could change everything?
It's another moment of observing while making money. Go with the trend, everyone.
It's basically a gamble that it won't continue to fall, nothing else.
Does the 0.45 level really offer an opportunity, or is it just another feast of cutting the leeks?
I just want to know if this double bottom can hold for five minutes.
If this rebound really reaches 0.562, I'll go live eating my phone.
By the way, what do on-chain data say? Are big players offloading?
The upward channel is gradually becoming clear... It's making me a bit nervous.
View OriginalReply0
MemeTokenGenius
· 01-03 10:54
Double bottom? Ha, same old story. It looks more like a repeated test of the bottom.
Wait, enter at 0.45? Feels like it needs to drop a bit more before the real opportunity.
Stop loss at 0.402, that number is a bit tight... afraid it might get stopped out with a small spike.
The target at 0.562 sounds pretty good, but only if it truly stabilizes, which isn't that easy.
Whether this wave can maintain its strength depends mainly on whether the overall market cooperates.
Another phase of profit-taking, just listen to it. In reality, it still depends on the market situation.
View OriginalReply0
MiningDisasterSurvivor
· 01-03 10:52
Double bottom? I've been through this before. In 2018, many projects used this trick to lure investors in, and then a sudden plunge wiped them out.
Enter at 0.45 with a stop loss at 0.402. It sounds very professional, but this is just a typical pump-and-dump scheme.
View OriginalReply0
SneakyFlashloan
· 01-03 10:36
I'm familiar with the double bottom pattern, but those entering at 0.45 need to be mentally prepared.
0.468 might not hold, I think it's risky.
Can this wave break through 0.489? Feels like the main players are playing tricks again.
Stop loss at 0.402? That's a bit tight, easy to get knocked out.
If you ask me, let's see if we can stabilize at 0.45 first. It's a bit early to call the target now.
View OriginalReply0
GateUser-448f8e76
· 01-03 10:35
This project is awesome, the team has been working hard.
View OriginalReply0
LayerZeroHero
· 01-03 10:35
I need to test the data of this double bottom pattern theory to be convinced. How reliable is the technical validation at the 0.45 level?
COAI recently formed a double bottom pattern on the daily chart, accompanied by increased volume on the 15-minute level, currently at a critical rebound stage. From the trend perspective, the outline of the upward channel has become gradually clearer.
For investors interested in participating, you can look for opportunities around the 0.45 level. In terms of risk control, it is recommended to set the stop loss below 0.402 to avoid the risk of extreme downward movement.
As for profit targets, they can be viewed in stages: the first stage focuses on 0.468, the second stage on 0.489, and further up at the 0.562 level. If the price continues to break through, there is still more room for upward potential. Of course, all of this depends on the trend maintaining its current strength, and the subsequent market development still needs to be observed.