Watching $COIN structure here — this is a textbook support-resistance setup worth breaking down.
Support sits clean at $170. That's your floor. If price holds above there and keeps printing higher lows, you're in a valid uptrend structure. The confirmation level is $177.29 on a daily close — that's not arbitrary, it's where structure flips from neutral to bullish continuation.
Once above $177.29 with momentum intact, your ceiling target is $190. That's resistance, likely gamma-driven given the options flow mentioned.
Here's the teaching moment: this is how you read a chart in layers. You don't chase. You wait for the daily close above $177.29 to confirm the move. You respect $170 as your invalidation if it breaks. And you know $190 is where you start scaling or tightening stops because that's where structure gets tested.
Clean levels. Clean logic. That's how you trade structure, not noise.
Support sits clean at $170. That's your floor. If price holds above there and keeps printing higher lows, you're in a valid uptrend structure. The confirmation level is $177.29 on a daily close — that's not arbitrary, it's where structure flips from neutral to bullish continuation.
Once above $177.29 with momentum intact, your ceiling target is $190. That's resistance, likely gamma-driven given the options flow mentioned.
Here's the teaching moment: this is how you read a chart in layers. You don't chase. You wait for the daily close above $177.29 to confirm the move. You respect $170 as your invalidation if it breaks. And you know $190 is where you start scaling or tightening stops because that's where structure gets tested.
Clean levels. Clean logic. That's how you trade structure, not noise.