COIN (Coinbase) is showing strong bullish momentum after breaking above the $250 zone. The price is holding above the middle Bollinger Band with increasing volume. MACD is crossing to the upside, supporting further continuation toward the $317 resistance level.
Trade Setup:
• Entry Zone: $260 - $263 (Current Price)
• First Target: $280
• Second Target: $317
• Stop Loss: Below $240
Technical Analysis Highlights:
• Strong price action above the middle Bollinger Band.
• Bullish MACD crossover.
• Volume expansion confirms the breakout.
Recommendation:
Consider entering long positions above $260 with targets at $280 and $317, while managing risk below $240.
Trade Setup:
• Entry Zone: $260 - $263 (Current Price)
• First Target: $280
• Second Target: $317
• Stop Loss: Below $240
Technical Analysis Highlights:
• Strong price action above the middle Bollinger Band.
• Bullish MACD crossover.
• Volume expansion confirms the breakout.
Recommendation:
Consider entering long positions above $260 with targets at $280 and $317, while managing risk below $240.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.