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holeyprofit

Long COIN 180 puts for June

Short
Coinbase Global (BATS:COIN)  
holeyprofit Updated   
BATS:COIN   Coinbase Global
Trend Analysis
4
6
trendanalysis
Continuation of the previous COIN analysis.
COIN to Follow MSTR?

More bearish patterns have formed since the time of the previous analysis.

We now have a head and shoulders pattern. Head and shoulders usually go to at least 1.61 extensions of the head. This is a bit under 180 in COIN, so I am buying puts for that strike.
Comment:
I think this may have a bit of a rally from this area but if we do I'm going to short call spreads into it.

Stops on the setup are 234.
snapshot
Trade active:
Calls sold into rally.
snapshot
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