Coin6900 (COIN)

I’ll give this one out for free, because there’s been some seriously sloppy technical analysis floating around on $COIN.

While furus were screaming “buy,” I was issuing major caution the moment price lost the weekly cloud and then broke the uptrend support line, that was the signal that a meaningful dump was coming.

From there, my measured move on the breakdown has always pointed back to the HTF horizontal support zone. Interestingly, if you flip the Fib and measure it downside, the 1.618 extension lands right in the middle of that zone.

Is there a 100% guarantee we get there? Of course not. But you could have avoided getting absolutely wrecked over the past several weeks and months while furus gaslit you into thinking this was a “bullish setup,” when it clearly wasn’t.

The real win here is capital preservation. Now, instead of being destroyed on the way down, you actually have the liquidity to build a position if you have conviction for longer term.

There are a lot of shady actors on this app. That’s wh

Surely the 50 month SMA and the VWAP from IPO high won't be enough to save $COIN. https://t.co/qGKTHpkvrI