ByBit exogenous news is wildcard so we’ve broken down support as all hell broke loose.
Here is the revised outlook of the trading plan:
Trading Plan Based on Risk Appetite
Aggressive Trader (Short-Term)
• Long Entry: $234-$236 (oversold conditions).
• Stop-Loss: Below $230.
• Target: $248-$252.
Swing Trader (1-2 Weeks)
• Long Entry: On confirmation above $248.
• Stop-Loss: Below $234.
• Target: $263-$272.
Investor (Long-Term)
• Buy Range: Accumulate in dips between $220-$234.
• Target: $280-$310 in a bullish case.
Conclusion
• COIN has broken key support levels but is now in a critical demand zone ($234-$236).
• The next 24-48 hours will be crucial—if price stabilizes, we may see a bounce.
• A further breakdown below $234 opens the door to $220.
• A reclaim of $252-$263 will confirm a short-term bullish reversal.