I had been bullish on COIN along With BTC, but COIN now looks quite bearish to me after have a promising looking bull flag breakout. The bull flag breakout is still valid for now. However, this rejection at the top of the ascending wedge and response to the spike in yields looks rough. Bulls will need to hold the $236 area or COIN will continue falling with BTC.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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