COIN Bullish Continuation: Breakout Above 361 Toward 390–400COIN on the 1D chart is pressing near recent highs after breaking a multi-month range in early October and flagging through most of the month. Momentum stays constructive with price above the 20/60/120-day cluster and Bollinger Bands expanding. The prior range top has flipped to support, keeping the structure bullish.
The immediate hurdle is resistance at 355, with the recent swing high at 361.40 acting as the confirmation line. A daily close above 361.40 would validate the bull-flag continuation and opens room toward the 390–400 zone, with interim interest around 375. If momentum pauses first, a controlled pullback into 330—aligned with the breakout retest and the MA60—would be a constructive demand zone; 320 is the key higher-timeframe floor that anchors the trend.
Primary path: look for a break-and-hold above 355/361.40 to extend into 375 and then 390–400 as the next resistance band. Alternative path: if price fails to reclaim 355 and loses 330, expect a drive toward 320; a daily close below 320 would invalidate the bullish thesis and shift risk to a deeper correction.
This is a study, not financial advice. Manage risk and invalidations.
