Why We're Selling the Coinbase Turbo PUT at Record Gain
Coinbase continues its gradual slide, hovering around a pivotal $235.3 support zone. The level hasn’t been decisively breached, which could give the price a brief pause. With that in mind, we’re exiting the position.
Our pick from Vontobel is the Turbo Infinite Best PUT on Coinbase (ticker WE86V, ISIN DE000VH7YH36). It can be sold for €0.81, delivering a solid 42 % return.
We keep an eye on the trade and will publish updates if market conditions suggest an exit before the product is de‑activated. Targets and stop‑loss levels are displayed for reference and may shift as the market evolves.
Legal notice: All forward‑looking figures are forecasts and do not guarantee future performance.
Key Levels
| Support 1 | 235.3 |
|---|---|
| Support 2 | 214.1 |
| Resistance 1 | 284.74 |
| Resistance 2 | 324.8 |
| Target | 0 |
| Stop‑Loss | 0 |
| Short‑Term Outlook | Negative |
| Long‑Term Outlook | Bearish |