$COIN back to $60ish and then $100+?

6 thg 7, 2023COIN looks like it's forming a rejection candle right at resistance. If you look at the structure, we broke out of a bottom formation and I think we're likely retesting the structure before a continuation higher.

What makes most sense to me is to retest the 60ish area as support and then continue onwards to $100+.

In order to do that, price would need to finally break above $76. But with 3 rejections already, I'd imagine the next time it gets up there, resistance will break.

Let's see if it plays out.

12 thg 7, 2023

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Went higher in the short term, but still think this will play out. I took $60 puts for July 28th.

Let's see if they hit.