The not-so-stable coins, aka the emotional coins, were on display this weekend in Miami and I was looking forward to a coherent agenda boasting some confident, blood-vessel popping eye contact. Welp, at least Matthew Lesko showed up to re-ignite those childhood nightmares. The coin base may be in for a bit of a shake, rattle, and sell-off if we can't reclaim the 9ema.
Short above 9ema bounces (38K)
-stop @ 41.1K
- profit @ 31K, 26.5K
- (watch price action)
- if price action continues to act bearish, take to 26.5K
- 3:1
- Double resistance @39.7 - 41K, previous dbl top (1) + 200ema (2)
Clear Reversal above 50ema (45K) to 57K
- extremely tight stop 44.5k allows re-entry three times for a 6:1
Short above 9ema bounces (38K)
-stop @ 41.1K
- profit @ 31K, 26.5K
- (watch price action)
- if price action continues to act bearish, take to 26.5K
- 3:1
- Double resistance @39.7 - 41K, previous dbl top (1) + 200ema (2)
Clear Reversal above 50ema (45K) to 57K
- extremely tight stop 44.5k allows re-entry three times for a 6:1
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... China flexes, increasing the weightiness of the load. Geronimo!