Long

Two Scenarios for CSPR

Two scenarios presenting to me for CSPR... The breakout above and big impulses up, or the breakdown below wicked down new ATL and bottom to be formed. Much depends on the broader market and big BTC movements, as far as sudden volatile BTC price action and market wide panic buys/sells that come with that before clear direction and trend is established for retail to settle down.

I like CSPR in this scenario to be honest. The "will it go down omg will it go up omg, it just went up and then down really hard and then up again omg omg" nail biter situation. I like it because CSPR is new ATL bottomed out for now, and:

Should the worst case scenario play for broader markets, I'd prefer to be loaded up on something that is already ATL bottomed out that wouldn't have much lower to go if it tried.
Should the flip side play out and broader markets go super bullish, same benefit, as I'd prefer to be loaded up on something that is already ATL bottomed out prices that hasn't run yet, and under bullish conditions, would super outperform BTC and the market

Note

REFERENCE:

Mock Up Price Action for CSPRUSDT | Near/Mid Term (2D)

Understatement to make but, a lot has happened since my last post. Myself like I would imagine many others 'investing' not 'trading' this project, were probably quite disappointed by the recent turn of events. Personally speaking, upon dropping of the news and within that 14 hour delegation period before others could dump, I did (in anticipation of a retail panic dump) cut the size of my position by about half just to reduce my overall exposure to the market since this was my largest position in my portfolio for 'speculative altcoin gem funds'. That said, with the majority of those funds available, I put in very large staggered trigger limit buy orders clustered around pivot point prices below where I sold. Of which I've re-accumulated about 50% of what I shaved off effectively DCA'ing and lowering my overall cost basis. At this point in time I still have more staggered trigger limit buy orders in at price points below in case BTC and the market want to pull a fast one and suddenly panic correct down at this point. Additionally, with those same staged funds I decided to spread the love to some of my other speculative altcoin low/microcap picks, predominantly KUCOIN:VRAUSDT. Intended purpose of this portion of my portfolio is to have an altcoin gem high ROI to hold through at least March 2025 before taking profits, as these have the highest profit potential.

Trevictus

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.