$COIN Long-Entry (Underlying & Options)

[dusty talon]

I am liking COIN for a Long-Entry with their earnings and strong outlook. Favorable macro & regulatory environment should allow for continued expansion especially with Trump being considered a Crypto friendly President. $COIN positions well as a general crypto proxy with some added volatility. I am still VERY bullish through $BTC.

Idea:

• A sell off to **$264 **between now and next week creates a swing trade opportunity with a 2-3 month timeline.
• This is both for UNDERLYING and OPTIONS. Due to it being several month timeframe, I prefer options that are ITM or only 1-2% OTM.
• ONLY VALID THROUGH NEXT WEEK

[sly sun]

Did you do all this while watching Montoya

[dusty talon]

You mean watching some Latina baddies? How else can I keep the blood below the belt to come up with this TA?

[tribal badger]

whats the mov enow

[dire slate]

so you in that swing trade or what

[dusty talon]

Course I am.
Its 2-3 months timeframe

[dire slate]

the eth hack created a crazy buying opp for coin

march is a scary time for crypto in general

need the trump pump

[dusty talon]

A lenient trump with SEC chief is going to allow crypto to run nicely over the medium term IMO. Fundamentally, nothing really has changed for crypto to the downside which gives an avenue for BTC to contiune pushing higher. I doubt we will see any regulations with BTC from the trump admin too.