derek leung

[EliteOptionsTrader @EliteOptions2]

$COIN - Swing Trade Idea ✅

Oct 20 115C - Target 116 🎯 - Stop: 72 🛑

COIN has been consolidating the past 4 weeks since moving up to 114. COIN has pulled back from 114 to 82 since July 14th. COIN is down 28% and has approached a strong support range between 80-85. If COIN can base in this range over the next week it should set up for a run to 116-133 this Fall. I would consider calls or swinging shares as long as 80 can hold into the end of August.

Bitcoin has been basing above 20k for the past 8 months has continued to print higher lows all year long. IF BTC can breakout above 30k this Fall it can set up for a run to 45-48k. If #BTC runs to 48K we can see COIN also set up for a move to 130+

[derek leung @bcvanderek]

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[derek leung @bcvanderek]

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