COIN - Long

📈 STOCK ANALYSIS: COIN

Technical Analysis:

COIN is currently trading at $64.10, with a wide shuffle between the price range of $47 and $83.
Recent reports suggest a collection of goods in multiple centers, indicating a potential uptrend.
The stock's moving averages, such as the 200-day moving average, have crossed, indicating a positive trend.
The short to medium term diagonal trend line is also showing a positive crossing.
The goal is to join the collection of goods, although it might be considered slightly late.
If the stock surpasses $66.16, there might be an opportunity to increase the position.
The yellow horizontal lines on the graph represent potential price targets.
The high cutoff limit of the shuffle indicates a distant target around $84, where an exit or further increase can be considered based on momentum conditions.
It is important to set a stop below $55 to limit potential losses.
Please note that this analysis is for informational purposes only and does not constitute a recommendation.
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