🧨 COIN SHORT TRADE IDEA — FAKEOUT TRAP IN PLAY
Ticker:
COIN
Date: June 20, 2025
Thesis: Breakout trap setup — expecting a rug pull / red reversal tomorrow to confirm.
🔍 Context
Price broke above range today with a big +18.8% candle to $295 — but...
Volume spike may signal exhaustion, not strength.
RSI = 68 → near overbought
MACD curling into a bearish cross — same signal preceded the last -30% and -40% drawdowns.
History: Same range-break setups in Dec and Feb collapsed hard (-30 to -40%) over 16–25 days.
💣 Trade Plan (Short Setup)
Entry Trigger:
🔻 Enter short if price closes below $277 tomorrow — confirms breakout trap.
Targets:
🎯 Target 1: $253 (top of old range)
🎯 Target 2: $235 (mid-range support)
🎯 Target 3: $208 (full breakdown move, matches last 2 cycles)
Stop Loss:
🛑 Above $297 (breakout highs)
Timeframe:
1–3 weeks (16–26 bars historically)
🧠 Bias
Bearish unless bulls hold $280+. If we get a big red daily candle tomorrow, fakeout confirmed — high-probability follow-through expected.
Ticker:
COINDate: June 20, 2025
Thesis: Breakout trap setup — expecting a rug pull / red reversal tomorrow to confirm.
🔍 Context
Price broke above range today with a big +18.8% candle to $295 — but...
Volume spike may signal exhaustion, not strength.
RSI = 68 → near overbought
MACD curling into a bearish cross — same signal preceded the last -30% and -40% drawdowns.
History: Same range-break setups in Dec and Feb collapsed hard (-30 to -40%) over 16–25 days.
💣 Trade Plan (Short Setup)
Entry Trigger:
🔻 Enter short if price closes below $277 tomorrow — confirms breakout trap.
Targets:
🎯 Target 1: $253 (top of old range)
🎯 Target 2: $235 (mid-range support)
🎯 Target 3: $208 (full breakdown move, matches last 2 cycles)
Stop Loss:
🛑 Above $297 (breakout highs)
Timeframe:
1–3 weeks (16–26 bars historically)
🧠 Bias
Bearish unless bulls hold $280+. If we get a big red daily candle tomorrow, fakeout confirmed — high-probability follow-through expected.
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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.
Related publications
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.