February 02, 2025, 14:02 pm ET, BY Christie - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COIN
- Buy COIN near 261.7 target 325.43 stop loss @ 260.94 Details
The technical summary data tells us to buy COIN near 261.7 with an upside target of 325.43. This data also tells us to set a stop loss @ 260.94 to protect against excessive loss in case the stock begins to move against the trade. 261.7 is the first level of support below 291.33 , and by rule, any test of support is a buy signal. In this case, support 261.7 is being tested, a buy signal would exist.
- Short COIN slightly under 325.43, target 261.7, stop loss @ 326.37 Details
The technical summary data is suggesting a short of COIN as it gets near 325.43 with a downside target of 261.7. We should have a stop loss in place at 326.37though. 325.43 is the first level of resistance above 291.33, and by rule, any test of resistance is a short signal. In this case, if resistance 325.43 is being tested, a short signal would exist.
Swing Trading Plans for COIN
- Buy COIN slightly over 307.72, target 325.43, Stop Loss @ 306.83 Details
If 307.72 begins to break higher, the technical summary data tells us to buy COIN just slightly over 307.72, with an upside target of 325.43. The data also tells us to set a stop loss @ 306.83 in case the stock turns against the trade. 307.72 is the first level of resistance above 291.33, and by rule, any break above resistance is a buy signal. In this case, 307.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COIN slightly near 307.72, target 282.43, Stop Loss @ 308.61. Details
The technical summary data is suggesting a short of COIN if it tests 307.72 with a downside target of 282.43. We should have a stop loss in place at 308.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 307.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for COIN
- Buy COIN slightly over 295.98, target 307.72, Stop Loss @ 295.29 Details
If 295.98 begins to break higher, the technical summary data tells us to buy COIN just slightly over 295.98, with an upside target of 307.72. The data also tells us to set a stop loss @ 295.29 in case the stock turns against the trade. 295.98 is the first level of resistance above 291.33, and by rule, any break above resistance is a buy signal. In this case, 295.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COIN slightly near 295.98, target 282.43, Stop Loss @ 296.67. Details
The technical summary data is suggesting a short of COIN if it tests 295.98 with a downside target of 282.43. We should have a stop loss in place at 296.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 295.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Coinbase Global Inc (COIN) available here: COIN.
COIN Ratings for February 02:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
203.81 |
P2 |
295.98 |
282.43 |
261.7 |
P3 |
310.8 |
307.72 |
325.43 |
AI Generated Signals for COIN
Blue = Current Price
Red = Resistance
Green = Support
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