Coinbase in Range β Break or RejectCoinbase Global, Inc. Class ABATS:COINforexcitypro_leemeenalπ Hello to all TradingView professionals and followers, Hope you're doing great and your trades are profitable π±π Today, weβre taking a look at the valuable stock **Coinbase (COIN)**, one of the key players in the crypto industry within the U.S. stock market. --- πΌ **Long-Term Investment Perspective** Coinbase, as one of the largest cryptocurrency exchanges in the world, directly benefits from the growth of the crypto market. In the long run, this stock shows a strong correlation with the overall crypto trend, especially Bitcoin πͺ For patient investors, it can deliver significant returns during bullish market cycles. --- π **Technical Analysis Based on the Chart** πΊ Overall Trend: After a strong bullish move, the stock has entered a **Broadening Range pattern**. π Key Characteristics: * Higher Highs π * Relatively equal lows near the support zone π * Increasing volatility β‘ π‘ **Key Support Zone:** A strong support area is clearly visible on the chart, which has prevented further downside multiple times π‘οΈ βͺ **Critical Resistance Zone:** The **$220 level** is acting as a major resistance on the daily timeframe π§ --- π« **No Trade Zone** Currently, the price is moving between support and resistance, making this range a low-probability area for entries β The best approach here is to wait for a confirmed breakout β³ --- π **Possible Scenarios** π’ Bullish Scenario: If price **breaks and holds above $220 on the daily timeframe**: * Ψ§ΨΨͺΩ Ψ§Ω Ψ§Ψ―Ψ§Ω Ω ΨΨ±Ϊ©Ψͺ Ψ΅ΨΉΩΨ―Ϋ * Smart money inflow * Higher targets become achievable π― π΄ Bearish Scenario: If the support zone is lost: * Potential for further downside * Deeper correction scenario activates π --- π‘ **Investment Idea** For a lower-risk entry: π Wait for a **confirmed breakout and consolidation above $220** π Scaling in after confirmation can be a more reliable strategy --- π **What do you think? (Poll)** π’ Bullish breakout above $220 π΄ Rejection and drop back to support π‘ Continued range movement Drop your thoughts below π --- β οΈ **Disclaimer (Important)** This analysis is for educational purposes only and should not be considered financial advice. All investment decisions are your own responsibility. Always practice proper risk management and do your own research (DYOR) before entering any trade. --- #Coinbase #COIN #TechnicalAnalysis #USStocks #Investing #Crypto #Bitcoin #PriceAction #TradingView #SwingTrading #LongTermInvesting