I know everyone is bullish crypto, but the 
COIN chart doesn't look that hot.
You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today.
I bought some puts before market close.
Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher.
Let's see how it plays out over the coming weeks.
COIN chart doesn't look that hot.You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today.
I bought some puts before market close.
Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher.
Let's see how it plays out over the coming weeks.
Note
Ended up taking puts this morning for $220 6/14
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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.