ArnoSG

[COIN] Coinbase Long Swing Position

Long
ArnoSG Updated   
BATS:COIN   Coinbase Global
Here is where I wanted the price to reverse on a fakeout and today we can see this move I was looking for. We have a reason to start to build a long position with minimal risk on it and big reward.
My main target will be the psychological level of $200.0 but can also be a great entry for an investment for people wanting to invest on crypto asset performance without looking into specific coins.

Great Trade !
Comment:
Already +23% in 2 days ... great call on this one !
Comment:
Almost at 50% gain ! Big resistance at 188.0 level so reason to exit a major part of the trade but keep some for more ...
Comment:
After hours pump of more than 25% ! The $200.00 level is coming soon ...
I personnaly think we are going for much more on this stock on the future so let keep a good size on it for new All Time High (of course close a decent part of the trade on the $200.00 level)
Comment:
$193.00 level of PM on watch. Waiting for it to break for more ... otherwise can be the beginning of a correction
Comment:
Guess $193.00 was a great level to watch with a last high at $194.0 for a fake-out reversal short.
Hope all the long took some profit on it
Still holding a big part for more ...
Comment:
Almost at the target on the chart with a r:r = 57.00 ! Impressive entry with very low risk.
To be honest on this asset, with this kind of entry, I would hold for more because for me COIN is going for a long run with the crypto space so can be a great idea to hold a decent part of the position.
Comment:
To The Moon : +17 % today
Comment:
Next target is $350 and then only holding for a long term investment

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