
Update on the $COIN setup I posted a few days ago — up 12% today
Posted about $COIN a few days ago when it was sitting around that weekly/monthly demand zone.
My plan was pretty simple: I wanted to see that demand hold, then a break above the $153 area before getting interested.
I ended up getting in around $152. Was a little Red but as long as demand holding i was ok to hold
Today COIN finally woke up and is up around 12%, trading near $165.
Still very early for the trade though. This wasn't really a setup I took for a one-day move.
If this higher timeframe demand continues to hold, I'm watching $220ish as my first bigger target, and eventually $283 if COIN can really get going.
Obviously it isn't going straight there 😂 and I'll manage it along the way.
Let's see where she goes from here.
Anyone else holding COIN or trading this move?