If the shrimp is frozen, be sure to give yourself plenty of time to defrost them.
Peel the shrimp, leaving the tail intact.
In three bowls, prepare your breading ingredients.
First bowl: beaten eggs, Second bowl: seasoned flour, Third bowl: 50/50 blend of panko breadcrumbs and shredded coconut
Line a cookie sheet with aluminum foil and place a wire rack atop.
Spray the wire rack with nonstick spray.
Preheat your Traeger Grill to 375*.
Coat the shrimp by first dipping in flour, then egg wash, then rolling in the coconut mixture.
Place the shrimp on the prepared wire rack and continue with the remaining shrimp.
Spray the top of the coated shrimp with nonstick spray.
Put the shrimp on the rack in the preheated grill and cook for 8 minutes until golden brown.
Carefully flip the shrimp over and cook for 5-8 more minutes until golden on the second side.
The shrimp should reach an internal temperature of 120*.
Remove the shrimp from the grill and sprinkle lightly with salt.
Transfer cooked coconut shrimp to a platter and serve with cocktail sauce.