Down 3.99% in a day isn’t earth-shattering for an individual stock, but Coinbase is closing right near its low. $COIN is trading at 124.85, just a step above today’s low of 124.12. The high above, at 130.84, was yesterday’s.
This is the Coinbase USDT perpetual contract price on OKX. U.S. stock markets are closed for the weekend, but the contract is still moving. Anyone holding it is probably not sleeping easy this weekend—sell, and you worry you’re selling at the low; hold, and you worry it’ll drop again when the market opens Monday.
I’m leaning toward sitting tight for now, since 124.12 is right there—if it breaks, that’s a new low. But if it gets back above 130.84, I’ll change my mind immediately. That would mean buyers are back.
Coinbase is heading into the weekend near its low. Do you think it’ll rebound first when the market opens Monday, or keep probing lower?
$COIN
#美股 #Coinbase
This is the Coinbase USDT perpetual contract price on OKX. U.S. stock markets are closed for the weekend, but the contract is still moving. Anyone holding it is probably not sleeping easy this weekend—sell, and you worry you’re selling at the low; hold, and you worry it’ll drop again when the market opens Monday.
I’m leaning toward sitting tight for now, since 124.12 is right there—if it breaks, that’s a new low. But if it gets back above 130.84, I’ll change my mind immediately. That would mean buyers are back.
Coinbase is heading into the weekend near its low. Do you think it’ll rebound first when the market opens Monday, or keep probing lower?
$COIN
#美股 #Coinbase