Long COIN 180 puts for June

Actualizado
Continuation of the previous COIN analysis.
COIN to Follow MSTR?


More bearish patterns have formed since the time of the previous analysis.

We now have a head and shoulders pattern. Head and shoulders usually go to at least 1.61 extensions of the head. This is a bit under 180 in COIN, so I am buying puts for that strike.
Nota
I think this may have a bit of a rally from this area but if we do I'm going to short call spreads into it.

Stops on the setup are 234.
imagen
Operación activa
Calls sold into rally. imagen
Trend Analysis

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