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COIN - False Breakout
Coinbase Global
Short
COIN - False Breakout
By MechanicalTrader13
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Updated
Mar 3, 2023
2
1
1
Feb 28, 2023
No news rip, looking to be a false breakout on this pennant. Expecting reversal to the downside.
Feb 28, 2023
Note
RSI on the 1H, 4H overbought
Feb 28, 2023
Note
Mar 1, 2023
Note
Based on pennant and fib levels:
PT1: 60
PT2: 53
PT3: 43
Mar 3, 2023
Trade closed: target reached
Closed yesterday at opening bell. Flawless play.
Chart Patterns
Pennant
MechanicalTrader13
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