Short $COIN on the daily. This one's my own trade idea.
Coinbase dropped 10.1% yesterday and closed at 172.11, under the 173.49 level on my chart.
Entry: 172.11
Stop: 184.64
Target 1: 158.74
Target 2: 137.81
That's 7.3% of risk to the stop against 7.8% to the first target and 19.9% to the second. Above 184.64 the idea is dead.
Not advice, just how I'm reading the chart.
$COIN #Coinbase #COIN #TradFi #TradingIdea
Coinbase dropped 10.1% yesterday and closed at 172.11, under the 173.49 level on my chart.
Entry: 172.11
Stop: 184.64
Target 1: 158.74
Target 2: 137.81
That's 7.3% of risk to the stop against 7.8% to the first target and 19.9% to the second. Above 184.64 the idea is dead.
Not advice, just how I'm reading the chart.
$COIN #Coinbase #COIN #TradFi #TradingIdea
