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COIN breaking multi-month support

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NASDAQ:COIN   Coinbase Global
COIN gapped down this morning below its all time and multi-month support level. This is negative for the stock up until it can recapture the $210 support level. We are looking for continued downside pressure, especially as the crypto markets continue their risk-off mode. At this point in time, none of the momentum indicators are showing signs of a slow down, so our bias is to the downside here. Entered on the open today. Stop is placed right above today's highs.

評論:
Stop moved to slightly higher than today's highs ($181) on this price action.
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