$Coin is in Trouble Headed into NFP next week

26 באוק׳ 2023

COIN much like many of the crypto stocks pumps are steadily meeting strong resistance as the result of the sell down.

Although Bitcoin and several crypto names went on a pump on etf news. There still a ton of downside that is likely to fill as we examine structure.

80-85 strong overhead resistance.
Still trading within our strong weekly bearish engulfing candle (5 weeks now)
Potential Bear Flag Under Resistance
Next level of support is around $50.

I would like Nov 24-Dec 1st puts to come active on this next week as we head into NFP.

Ideal entries back around 80

COIN