Stock Trading Department—This week’s recommended stocks COIN

Coinbase Global Inc (COIN)

Coinbase is focused on “building the crypto economy.” It provides a secure, compliant and scalable platform for accessing, trading and developing blockchain asset ecosystems. It’s the largest and most trusted regulated crypto exchange in the US, with a broad customer base.

April – Pullback and High-Level Consolidation

In April, due to an overall drop in the crypto market, COIN’s stock fell from its early-year highs, hitting a low. In early May, a “golden cross” pattern formed as the 50-day moving average crossed above the 200-day average, leading to a short-term rebound of about 35%.

Policy and Product Catalysts: The US Congress passed a favorable stablecoin regulation (GENIUS Act), and Coinbase launched the Coinbase Payments platform and expanded its USDC business, both key growth drivers.

Trading Suggestions

Buy Zone for Accumulation: The $200–$225 range is a key support area to buy on dips. If prices retest this zone, moderate buying is still advised.

Add on Breakout Confirmation: If COIN breaks above $300 with strong volume, consider adding to hold momentum.

Profit-Taking/Watch Zone: If it fails to break $300 and market sentiment weakens, consider trimming positions in the $300–$330 range.

Stop-Loss Plan: If COIN drops below $200, stay cautious, it could lead to a bigger pullback.

Catalyst Watchlist

• Macro and crypto policy updates: like the GENIUS Act or stablecoin rules.
• Bitcoin and overall crypto market trends: closely tied to BTC and Ethereum.
• Product and M&A developments: like Coinbase Payments growth or Deribit’s impact.
• Earnings and profit guidance: especially Q2 performance.

Summary

Between April and May, COIN went through a full cycle: pullback bottoming → multi-catalyst rebound → index-driven rally → earnings-related volatility. For mid-to-short-term trading, focus on support near $255–$280 and resistance at $300–$330. Use a layered entry and timely profit-taking strategy.