COIN is in the same situation as CLSK
$Coinbase Global, Inc.(COIN)$ is in the same situation as $CleanSpark, Inc.(CLSK)$ —pulling back into the smart money zone, getting a solid bounce on Friday, but still dealing with the aftermath of the crypto summit sell-the-news event.
With Bitcoin selling off, we need to be patient.
Given the volatility, I’m waiting for at least one week of higher lows on the weekly BX before looking to go long. If we wanted to take a higher risk-reward setup, we could use the daily BX for an entry, but the odds of timing the exact bottom that way are much lower.
I have stronger setups this week, so I’m holding off on this one until we get true confirmation.
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