Trade setup for $Coinbase Global, Inc.(COIN)$ coinbase stock: I'm going long here, target is in this purple zone which is a 2x return and yet only half way to previous all-time-high.
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If you want to be even more risk-averse, play this trade as a covered call. Call premiums are juicy right now for COIN.
Here’s the covered call trade I just made. It’s more conservative than spot buy but it’s also safer; entry price is $74.78.
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