$COIN - The high-timeframe market structure remains intact, as the price has managed to hold above the support range marked in purple, aligning with the 0.618 Fibonacci POI, which is a good sign.

That said, I’m not liking the market structure on the low-timeframes, as the price has repeatedly failed to break above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months, and that’s a clear sign of weakness on the low-timeframes.

Because of this, I believe that the best approach right now is to remain somewhat cautious and ready for further consolidation inside the support range.

And as I’ve said in some of my prior PAT Updates, in case of a breakdown below the support range marked in purple, I would look to fully hedge my entire spot position, as that would be a clear structural invalidation on the high-timeframes that would open the door for a deeper pullback on the mid-term.