Over the weekend crypto made a solid move to the upside. ill know be looking for Coinbase to follow suite. Price gapped up this morning and is currently trading sideways on the LTF. Normally id be looking for a pullback at market open before taking an entry but the opportunity may not present itself.
Im looking at the $59 and $60 calls expiring 6/2/23
Price target: $65.00
Im looking at the $59 and $60 calls expiring 6/2/23
Price target: $65.00
Comment:
I'm satisfied with todays price action. Coinbase still has time to break above $63.38 but I plan on holding even if it doesn't. Price changed structure back to bullish when price broke above $61.00 I but then immediately sold off. The $59.00 support held which sent price to make a higher high at $62.59. tomorrows price action could be a very good indication whether or not we will see $65 this week (current pt). Fyi, the house passed the debt-ceiling bill.
Trade closed: target reached:
Coinbase got straight to it today. Price hit my $65.00 pt and I chose to close my entire position.
$63 c 12% gain
$65 c 69% gain.
It doesn’t look like we’ll see my $70.00 pt this week.
$63 c 12% gain
$65 c 69% gain.
It doesn’t look like we’ll see my $70.00 pt this week.