Line a baking sheet with parchment paper and set aside.
Place candy melts in a medium sized microwave safe bowl. Melt them according to package directions.
Add the coconut oil to melted candy melts and stir until combined.
Pour melted candy melts into a tall glass.
Dip each pretzel into the glass, coating half of the pretzel rod. Lay on prepared baking sheet.
Place pretzel rods in refrigerator and chill for 5 minutes or until chocolate is hard.
Place the leftover candy melts into a ziploc or frosting bag. Snip end off ziploc bag if using.
Starting where the chocolate ends on each rod, make a zigzag pattern as you move up to the tip of the pretzel.
Immediately add a red heart about a quarter inch below the top of the pretzel rod.
Place the pretzel rods in the refrigerator for five minutes to chill or until candy melts are set.