STOCK REVERSES COURSE AND CLIMBS 3.5%

Coinbase Global, Inc. (COIN) experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics

Coinbase Global, Inc. (NYSE:COIN) experienced a bullish signal on Friday.

At 10:54 AM, a Power Inflow, a key order flow signal from Benzinga Pro, noticed a large institutional buy order hit the tape for 1,116 COIN shares at the bid price, executing for $305.61 per share on the day the stock's High price hit $316.29 and the session Low was $303.11.

Those who follow the footprints of "smart money" and value order flow analytics in their trading decisions often pay close attention to where the bulk of retail and institutional buying and selling activity takes place on the Level II.

This indicator points to a possible uptrend in COIN, which could serve as a potential entry point for traders looking to capitalize on the expected upward movement in Coinbase's stock price.

What Is Order Flow Analysis?

Order flow analytics, also known as transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow).

They analyze the flow of buy and sell orders, size, timing, and other associated characteristics and patterns to gain insights and make more informed trading decisions.

This particular indicator is interpreted as a bullish signal by active traders.

The Power Inflow, a critical order flow signal from Benzinga Pro, shows the heavy institutional buying and selling activity that traders watch closely.

This signal identifies the large institutional orders, either to buy or to sell, hitting the tape throughout the trading day.

The Power Inflow signal is designed to help traders follow the footprints of "smart money" and gauge the bulk of retail and institutional buying and selling activity on the Level II.

This indicator points to a possible trend direction in a stock, helping traders to quickly assess the net flow of orders hitting the tape.