$COIN 2X Long ETF(CONL.US)I’d use about $210–220 as a reasonable central target. The upside is substantial from the recent ~$160–170 area, but COIN remains heavily dependent on crypto prices/trading activity. That makes a 30–40% drawdown entirely plausible even if the long-term story remains intact. Recent analysts have actually been cutting targets after weaker Q2 results—for example, Freedom Broker cut to $185 and Cantor Fitzgerald to $184.

scary stock, my initial buy was more than 15.