CheelooTrader

COIN - I don't want to be a short here

Long
CheelooTrader Updated   
NASDAQ:COIN   Coinbase Global

  • 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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