Coinbase Global
Short
Updated

$COIN pullback to $5X.XX

122
Well's notice fiasco after a series of failed meeting with the SEC, bearish divergences all over crypto and heavy insider selling since Feb is a recipe for COIN to pullback after a pump from $40 to $80. Even Cathy Wood has sold large positions in COIN for the first time this year, which is no good news.
Note
COIN is still bullish in the long term, in the short term the market conditions and government agency attacks on crypto companies, in general, are bearish indicators.

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