Coinbase overbought and into massive resistance

I've highlighted a major area of resistance on Coinbase going back 4 years to 2021. Was above the trendline earlier in the week and is now getting rejected. Good short opportunity. Will monitor this one. I just bought some CONI

Note

Coinbase is back up today in the same area it was in yesterday before getting rejected. It needs to close above the orange line on a weekly basis to stop out of the trade, continuing to hold

Trade closed: stop reached

Now consolidating above the trendline, trade closed

bradc1984

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.

bradc1984