🔻 Coinbase (COIN) Perp 4H: Bear-Flag Retest SHORT
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📉 Trend: Bearish. The Oct 30 flush hit 137.37, and price has drifted sideways in a tight 145.3-147.8 base below the 4H EMA20 (148.7), EMA50 (154.5) and EMA200 (169.5). Last price 147.6.
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🧱 Support: 145.3 / 140.9 / 137.4
🚧 Resistance: 150.3-151.3 (breakdown zone) / 153.9
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🎯 Trade plan
Entry: 150.3-151.3 on a retest
Stop loss: 153.9
TP1: 145.3
TP2: 140.9
TP3: 137.4
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💡 Why: A weak bounce into the old breakdown shelf under falling EMAs is a classic bear-flag retest. A 4H close above 154 cancels the idea.
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⚠️ Risk: Stock perps can jump at the US open (5:30 PM Riyadh). Size small. Not financial advice. DYOR.
⠀
$COIN $BTC
#TradFi #Coinbase #TechnicalAnalysis #BinanceSquare
⠀
📉 Trend: Bearish. The Oct 30 flush hit 137.37, and price has drifted sideways in a tight 145.3-147.8 base below the 4H EMA20 (148.7), EMA50 (154.5) and EMA200 (169.5). Last price 147.6.
⠀
🧱 Support: 145.3 / 140.9 / 137.4
🚧 Resistance: 150.3-151.3 (breakdown zone) / 153.9
⠀
🎯 Trade plan
Entry: 150.3-151.3 on a retest
Stop loss: 153.9
TP1: 145.3
TP2: 140.9
TP3: 137.4
⠀
💡 Why: A weak bounce into the old breakdown shelf under falling EMAs is a classic bear-flag retest. A 4H close above 154 cancels the idea.
⠀
⚠️ Risk: Stock perps can jump at the US open (5:30 PM Riyadh). Size small. Not financial advice. DYOR.
⠀
$COIN $BTC
#TradFi #Coinbase #TechnicalAnalysis #BinanceSquare
