COIN: Support 80 is holding. Under is 72 and LIS $61. Coin also has a high possibility of strong rally once the pullback concludes
Comment:
Coin has strongly bounced off the second strong support. I like the risk-reward ratio here for a long position, with a target of 140-200 by early next year. However, it's important to note that the price won't go up in a straight line. A pull back to test the previous low or even a lower low around the 60 area is possible. This could present another excellent opportunity for long positions.
Trade active
Comment:
Still holding Coin and loaded more at strong support level 72.5 as shown on my chart. I think big move will come soon
Comment:
What a move in Coin. I think, as long as it stays below 130-140, we should expect a retracement