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Coinbase Stock Sets Itself Up For This Bearish Trade

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Coinbase (COIN) stock crashed through its 50-day moving average on Wednesday after the Senate failed to advance the Digital Asset Market Clarity Act. If Coinbase’s downside momentum continues, bearish option trades could perform well. Let’s look at one trade known as a bear put spread. This is a bearish trade that benefits from further downside in the stock price. It’s similar…

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