Following the low at the beginning of 2023, COIN began to rise in a notably constructive manner, eventually reaching a peak at 186. Subsequently, a typical correction ensued, and presently, the stock is trading precisely at the former resistance level of the long-term consolidation phase.
In my view, this presents a favorable buying opportunity, with a strong likelihood of a reversal and an upward move surpassing 200 in the medium to long term.
Note
Closed the trade before 200. The rise is too aggressive and, in my opinion, American indices will start a correction
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