COIN- BUY THE DIP AND FORGET THE CHINA FUD
Updated
Coin is very undervalued here at these prices, and is setting up for a amazing risk to reward ratio to open a position.
If i was just trading this, i would set a stop loss for somewhere below $215 and Set Profit targets at: $250/$290 & $330.
I wouldnt be surpised at all if this ran similar to APPS the past month where the stock price has surged from below 450 a share to pushing $75 a share recently.
This for me is starting a long-term position, but i may add extra capital and play some shares as a shorter swing trade.
Goodluck Traders!
If i was just trading this, i would set a stop loss for somewhere below $215 and Set Profit targets at: $250/$290 & $330.
I wouldnt be surpised at all if this ran similar to APPS the past month where the stock price has surged from below 450 a share to pushing $75 a share recently.
This for me is starting a long-term position, but i may add extra capital and play some shares as a shorter swing trade.
Goodluck Traders!
Note
edit: Apps Price Went from below $50 a share to pushing $75 ***Note
Something has got to give at some point here. I would be getting in now if you havent already, to ensure you dont miss the move up.
Note
Hopefully some peope were able to get in the last few days before breaking out today.Nice to see strategies play out perfectly like this. (so far lol)
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