COIN (Coinbase) is currently testing a major support zone in the $235–$240 range, which has acted as a strong base in previous pullbacks. This level is attracting renewed interest as the broader crypto market shows signs of upward momentum, with BTC and ETH stabilizing and pushing higher. A bounce from this level could set up a strong risk/reward opportunity.💡 Trade Idea
🔹 Entry: $235–$240 (support zone)
🔹 Take Profit Zones:
• TP1: $300–$335
• TP2: $375–$415
🔹 Stop Loss: Below $230 (to manage downside risk)
A break below $230 could invalidate this setup, but holding this level opens the door for a potential breakout if crypto strength continues. Watch volume and correlation with BTC closely in the coming sessions.
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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.