Such a smooth fall, is $COAI dumping?

At first glance, it does look very similar, but if we consider the trading volume, the main positions in the current spot secondary market are concentrated around 0.24, which is far from the current price of 1.5...

This is a typical characteristic of a "strong market coin". From historical data, before the price broke through $1.4, there weren't many retail investors entering the market. One can speculate that:

The price range for retail investors to take over is above $1.4, while below $1.4 seems more like the holding area for the main force. Therefore, regarding this smooth pullback, I personally feel it is more like a deliberate creation, or rather, the result of retail investors gradually cutting losses...

As the price approaches 1.4, it can be seen that the spot trading volume has gradually started to increase slightly, which indirectly confirms that there may be signs of active market makers starting to buy in again.

The trading advice is simple: pay attention to the narrow descending channel formed by this smooth fall, and wait for the price to successfully break through the upper edge of the channel. If there is no false breakout, then there is hope for a similar rebound or rise to begin again.

Before this, it is not recommended to bottom fish on the left side. If you really want to, it is advisable to set a stop-loss at $1.4 as the watershed.

As for the specific trading plan, just DYOR~