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Coinbase Global
Long

$COIN shorts are trapped! Major squeeze incoming?

249
COIN shorts trapped after false breakdown. Price broke down both below the daily 50 sma (purple) and March 2024 low and then recovered. A trader bought a 275/277.50 bull debit spread risking over 200K and targeting near ATHs ($283.48).
Yusuke_Trading
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Chart PatternsTechnical IndicatorsTrend Analysis
Yusuke_Trading
Also on:

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.