CONL/USD – 30-Min Long Trade Setup!📌🚀
🔹 Asset: CONL (GraniteShares 2x Long COIN Daily ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $23.24 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $20.84 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $26.68 (First Res
Key stats
About GraniteShares 2x Long COIN Daily ETF
Home page
Inception date
Aug 9, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
CONL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of COIN stock. Purchasers holding shares for longer than a day need to monitor and frequently rebalance their position to attempt to achieve the 2x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. Aside from the leverage, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to Jan. 22, 2024, the fund provided 1.5x leveraged exposure to the price of the stock.
Classification
What's in the fund
Exposure type
Cash
Stock breakdown by region
Top 10 holdings
Conl ( coin ) rides demandAn updated demand zone on a stock I love to sell monthly puts on. I search for 27-8$ dollar entry for my newest position but I might buy shares outright around 30$ since I believe Coin and BTC are going to heat up. The weekly stochastic RSI is just opening up and BTC is 8% from ATH.
Short-Tem 44$
E
Long coin and conlI am aggressively selling pivot point puts on CONL here. This demand zone is from a long time ago, coin and crypto is oversold on BTC that was just touching 60k. I believe we get a 50 basis point cut and the market rips, oil too, gold drops a bit. I would be very surprised if we dont test 28$ by the
Coinbase leveraged ticket CONL in buy zoneAfter evaluating the weekly zones I think we are at a great range to sell cash-secured puts on this bad boy. Coin will likely break to the upside in the coming days before earnings. Especially as money moves from the Mag 7 and down.
-I will possibly sell some puts on this tomorrow around 40$.
Coin's Cracks the whip on Fundamentals after Binance-BustPlot thickens for Crypto as USD's world reserve status questioned after Asian Conference BRICKS US was not invited. But, any actions appear to be a wait-and-see approach as political balance of power appears to be shifting to Trump as his support gains traction ironically after each charge is made a
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.