Coinbase stock is ready to drop . Stoch indicator shows an overbought conditions. The price faked out a little bit above the resistance trendline, but it got rejected from an upper boundary of the Bollinger bands.
Expecting a nice drop. Target: 31,40 $ which would be a lower boundary of the BB.
Good luck
Trade closed manually
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Short closed with a small loss. It looks like the price may go higher as the price broke out of the channel and closed above the previous resistance.
Comment
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The breakout turned out to be a fakeout. If you're still in short, the target remains the same like in an original idea.