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MikeMM
Feb 2, 2023 6:08 AM

Profit taking levels for coinbase Long

Coinbase Global, Inc.NASDAQ

Description

These are the levels I am looking at. Take profit 1 2 and 3.

This is in relation to the Wyckoff accumulation case I made at 32 dollars. (search my history for it)

Comment

Comment

As you can see, my profit taking levels are extremely conservative relative to other short squeezes.

This is because every squeeze is unique in many ways, and we never really know how greedy to be.

I will always hold at least 10% of my shares, as the fundamentals of Coinbase and crypto do call for astronomically higher prices eventually, and we may never revisit my profit targets ever again once we pass them.
Comments
Maddy50
@MikeMM This could be another reason for a rally? Can we still enter this stock for 10 to 20% profit in a week to 10 days time?cnbc.com/2023/02/02/coinbase-stock-jumps-after-federal-securities-suit-dismissed.html
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