COIN GEX - Breakout Above 170, Potential Gamma SqueezeCoinbase Global, Inc. Class ABATS:COINTanukiTradeCOIN printed a double bottom on the daily chart, then reclaimed structure and cleared 170 – C1 / Ab1. Spot is now near 180.50, holding above the former Call Wall. With 170 accepted, price has entered the positive gamma extension zone — gamma squeeze potential opens toward the 200 multi-metric cluster if momentum holds. 🔶 Regime Context 🔶 Price is trading well above HVL 155, keeping COIN inside a positive GEX regime. The double bottom below, then the push back through HVL and into a C1 clear, frames this as a structural reclaim — not a random spike. 🔶 Options Structure Context 🔶 👉 170 – C1 + Ab1 — highest call wall + largest absolute gamma; cleared, now the breakout reference that must hold Confluence at 170: C1 — highest call NETGEX Ab1 — largest absolute gamma That makes 170 a clear reaction zone — clearing it is what can trigger a potential gamma squeeze. 👉 200 – nCV + COI + AbOI — next overhead magnet Confluence at 200: nCV — strongest net call volume COI — highest call open interest AbOI — highest absolute open interest Together, 200 is a call-inventory and call-flow cluster — the natural squeeze target if extension holds. 🔶 Downside Structure 🔶 👉 170 – C1 / Ab1 — first line that must hold for the squeeze thesis 👉 155 – HVL — regime pivot; loss of HVL would weaken the positive-regime read 👉 140 – P1 — strongest put wall / downside floor 🔶 Options Sentiment 🔶 CALL$ 84.5% means call options at an equivalent distance from spot are priced 84.5% higher than the corresponding puts — this is elevated call pricing skew. On the Options Oscillator, the filled green histogram remains elevated at the right edge — call pricing skew is still strong, not fading. IVRank 77.2 IVx 86.2 CALL$ 84.5% — call pricing skew Implied move ±6.27% (±11.3) Price is also reclaiming the 50 SMA area, while the declining 200 SMA sits near the 200 confluence — technical overhead aligned with the options cluster. 🔶 Key Structure to Watch 🔶 170 — C1 + Ab1 cleared; must hold 200 — nCV + COI + AbOI squeeze magnet 155 — HVL / regime pivot 140 — P1 put wall For now, COIN is a double-bottom reclaim + C1/Ab1 clear setup, with squeeze potential toward 200. The key question is whether price can hold above 170 and extend toward 200 — or whether the Call Wall rejects and sends the move back toward HVL 155.