- Hello traders! COIN made a massive move today, breaking out of a beautiful Inverse Head & Shoulders pattern. So whats next?
- There are significant resistance levels approaching between $267 and $302 (including the Inverse H&S target level) which could potentially make for a good intraday short trade opportunity.
- Watch for a quick reversal from these levels in the coming days, if you're quick you may be able to catch a short trade.
- Theres no gaurantee that price will bounce from these levels, however this zone will certainly act as significant resistance in the short term.
~ Thanks everyone and best of luck in your trading journey!
- There are significant resistance levels approaching between $267 and $302 (including the Inverse H&S target level) which could potentially make for a good intraday short trade opportunity.
- Watch for a quick reversal from these levels in the coming days, if you're quick you may be able to catch a short trade.
- Theres no gaurantee that price will bounce from these levels, however this zone will certainly act as significant resistance in the short term.
~ Thanks everyone and best of luck in your trading journey!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.