COINBASE – Strategic Setup Before Earnings TonightCOIN is showing a high-conviction technical bounce after a –56.7% drop from December to April. Since hitting the long-term trendline, it has already recovered +41%, and momentum is building fast.
📣 Just Announced: Coinbase is acquiring Deribit for $2.9B, entering the crypto derivatives market — one of the most profitable verticals in the entire industry. This massively strengthens their business model with:
🔹 High-margin futures/options trading
🔹 Diversified income beyond spot trading
🔹 Stronger appeal to institutional clients
💰 Meanwhile, Bitcoin just reclaimed $100K, adding fuel to Coinbase’s Q2 potential.
🔍 Technical Setup (3D chart):
✅ Bounce off long-term trendline
✅ MACD bullish crossover (historically reliable for COIN)
✅ Heikin Ashi candles flipping bullish
✅ Still ~70% below recent high — upside potential is real
🧠 Fundamental Picture:
• Q1 earnings expected to be softer due to slower retail volumes
• BUT revenue from staking, USDC interest, and custody remains strong
• If they show signs of recovery in April/May — this could explode to the upside
• ARK Invest is buying dips — institutions are interested here
🎯 Trade Plan:
Entry: $204–208
✔️TP1: $225
✔️TP2: $252
✔️TP3: $285
Stop-Loss Options:
🔸 $178 (short-term invalidation)
🔸 $145 (below trendline & April low — swing structure)
⚠️ This is a high-risk / high-reward setup ahead of earnings. Manage size carefully and avoid overexposure.
