The dashed levels, the dated horizon and the shaded range are sealed in the record. The price line is live market data — context, never part of the proof. The call settles on the price at the horizon, not on touching the target before it.
Rationale
High-beta equities facing multiple compression as crypto-equity correlation decouples downwards. Coinbase valuation is overextended relative to underlying volume run-rates.
Discussion
Comments are discussion, not evidence. They can be edited or deleted at any time and are never part of the sealed record, the proof, or anyone's score.
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