I know everyone is bullish crypto, but the
COIN
chart doesn't look that hot.
You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today.
I bought some puts before market close.
Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher.
Let's see how it plays out over the coming weeks.
COIN
chart doesn't look that hot. You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today.
I bought some puts before market close.
Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher.
Let's see how it plays out over the coming weeks.