COIN - I don't want to be a short here
Updated
- It held the SEC investigation news very well into the demand. If it continues to build above 50 zone, either the next capitulation move or a news is going to push this back to 80-90.
- I'd be careful to short this unless 48 is taken out. Until then might be choppy, which would be a great sign for bulls.
- My personal thesis is that they are going to come out on top through this bear cycle and dominate to crypto market over next decade.
- Disclaimer: No position yet.
Trade active
Playing as per the plan. Real move is yet to come. I think it will test the 63-65 zone again as the big drop last week was from there. If it holds 55 again, then watch watch.Comment
Struggling against the 200 DMA...raise the stops if you haven't already. Could drop back down to 50 here.Comment
Playing perfectly. 65 tested today. Let's see if it can run up to 74 or pulls back and builds. Bears would want rejection of 65.Trade active
It decides to run to 69. incredible move, yet to come.Comment
Playing as per the script...no reason to guess now.Trade active
LOL as usual technical setup precedes news. Can squeeze into 120, but I will take partial profit tomorrow if it spike further.
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