COIN breakout?

COIN has recently broken out of its bearish pennant pattern with some potential upside. However, this could very well be a fakeout and continue lower just like it had happened previously. We are in a bearish pennant and could move back to the downside, especially if overall market sentiment continues to be bearish. Personally, I will go long if we can hold above this pennant and resistance. I will look to go short if we confirm this is a fakeout and we start to trend lower.