Coinbase Surges! Long Trade Hits All Targets – Bulls Drive Gains

16 Okt

Coinbase has shown strong bullish momentum since the long entry at 168.72 on 11th October, reaching all designated profit targets.

Key Levels

• Entry: 168.72 – The long trade was initiated at this level, supported by a bullish breakout.
  
• Stop-Loss (SL): 165.30 – Positioned below recent support to manage risk and guard against downside movement.
  
• Take Profit 1 (TP1): 172.93 – The first target was hit, confirming the strength of the upward move.
  
• Take Profit 2 (TP2): 179.76 – Continued buying pressure led to this level being reached.
  
• Take Profit 3 (TP3): 186.59 – The bullish momentum carried the price to this target.
  
• Take Profit 4 (TP4): 190.81 – The final profit target, signaling a successful trade completion.
  

Trend Analysis
The price remains well above the Risological Dotted trendline, affirming the strong uptrend. The sustained upward movement indicates solid market sentiment, which has driven the price through all target levels.

The long trade on Coinbase has been highly successful, with all targets hit and the final level at 190.81 achieved. The trade's success showcases the power of the Risological Dotted trendline in guiding bullish entries and exits.