Coinbase Global
Short
Updated

COIN Scalp Short into Long

697
Coinbase has benefited from the recent strong uptrend for the bitcoin price , and despite news regarding hacks and security compromises, Coinbase still manages to remain in a strong uptrend.

At present, we have some missing data on the chart where there is an existing gap at approx $230 in confluence with the VWAP (Volume Weighted Average Price) which is a moving average I like to use as confirmations for continuations of a trend.

In this scenario, a potential scalp short, into a long trade would be an interesting setup presenting itself here , given we see strength return to Bitcoin, Coinbase can be a primary beneficiary for a potential rotation back to the ATH zone.
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Not sure if this trade will work out tbh, It looks like it wants to continue up higher for now
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Looking for long trades here around $245
Trade active
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Ha, welp the idea looks like it to be playing out , I Will add some shares if we drop to the original target.

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