$COIN dropped to 185. It was still around 192 in the morning, dragging its feet—then this whole night just completely left me stunned.
Seriously, Binance making this TradFi tokenization is really convenient. When the U.S. stock market closes, we can still trade here. But liquidity is still a bit lacking—19M in trading volume on Nasdaq is basically just a drizzle.
Technically, the 180–182 range is key. Last time it dropped there, it bounced up. This time, if it gets smashed down again, there’s a good chance it will head toward 170. The resistance above is at 193–195. If it can’t break through, it’ll probably just keep ranging.
My setup is pretty simple: place a buy order around 183, set the stop-loss at 178—if it breaks down, I’m out. No overthinking. Coinbase’s earnings report on the U.S. side comes out next week. This drop is probably related to that, since exchange revenue is directly tied to market activity and sentiment.
BTC is also pulling back—there’s not much strength in the whole sector. But in times like this, you actually need to stay calm. If it truly falls and triggers panic selling, that could be an opportunity. Just don’t chase shorts.
#Coinbase
Seriously, Binance making this TradFi tokenization is really convenient. When the U.S. stock market closes, we can still trade here. But liquidity is still a bit lacking—19M in trading volume on Nasdaq is basically just a drizzle.
Technically, the 180–182 range is key. Last time it dropped there, it bounced up. This time, if it gets smashed down again, there’s a good chance it will head toward 170. The resistance above is at 193–195. If it can’t break through, it’ll probably just keep ranging.
My setup is pretty simple: place a buy order around 183, set the stop-loss at 178—if it breaks down, I’m out. No overthinking. Coinbase’s earnings report on the U.S. side comes out next week. This drop is probably related to that, since exchange revenue is directly tied to market activity and sentiment.
BTC is also pulling back—there’s not much strength in the whole sector. But in times like this, you actually need to stay calm. If it truly falls and triggers panic selling, that could be an opportunity. Just don’t chase shorts.
#Coinbase