I mentioned extensively last week that I was buying battered stocks — the ones that have taken the hardest hits recently.
Crypto fits right into that conversation, and Coinbase $COIN is front and center on my radar.
The stock is checking all the right boxes for a bounce swing trade as it works on finding its footing after a deep 60% drawdown off its highs.
Last week, bulls stepped in at the perfect time to defend the critical 150 zone — a level that has marked several key turning points over the past few years.
As long as we stay above that 150 floor, this feels like a great area to be a buyer, with the potential to revisit its former all-time highs.
Looking more tactically, 170 is the edge of a short-term base. Above that level, I’d be adding.
If you’re managing risk, 166 is the stop — it lines up perfectly with the VWAP from last month’s lows, making it a logical invalidation point for this thesis.
With sentiment where it is, and the broader crypto complex as battered as it has been, it’s hard to find a cleaner tactical setup in the market right now.
If you want to learn how to make quick profits using the options market… join Steve Strazza LIVE today at 4 PM ET.
He will reveal the exact system he uses to trade short-dated options — the same approach that can target 3x, 5x, even 10x weekly gains.
No fluff, no guesswork — just a step-by-step playbook you can see in action.
