COPE at decision point, FIB + flag support. Making a Fib on the weekly upswing and drawing out a bullish flag, it looks like cope it at a decision point. I'm buying in around $3 with a stop loss at $2.85 (more or less depending on your risk tolerance.) It may bounce off both the support of the flag and also the Fib .618 level to the upside. Both match up nicely. If it bounces, I'll be selling at the resistance line of the flag and waiting for a breakout if it doesn't break cleanly. If it breaks above the flag resistance you can buy back in, or wait for a retest to see if that now acts as support. Not financial advice, but just what I'm seeing. Also, may depend on what Solana does to a certain extent. Let me know what you think!
COPEUSD trade ideas
$COPE is cheap enoughI see an opportunity to buy $COPE cheap enough! Great project with no real pump phase, waiting for triple-digit profit here!
About The Token :
COPE is a project that has two phases. Phase 1 of COPE involves seeking to ascertain and evaluate trader weaknesses and failings retrospectively based on trader calls made about crypto markets and provide reporting on this for self-analysis. Top Call Makers are evaluated based on their call accuracy which along with other parameters results in a COPE score given to them. The top 100 Call Makers are embraced within a COPE index ranking them by their COPE score. Once a consistent list of the top 100 has been generated with the monthly 'reformation' kicking out, introducing new Top Call Makers into the index it provides a narrative for a new type of investment product based on top trader calls as measured using a reliable and accurate mechanism, which leads to phase 2.
COPE - Waiting for the ReboundMassive Airdrop that got heavily sold before BTC crashed. Looking for a retrace to the 0.382 or 0.618 based on the Fibonnaci retracement coinciding with natural levels of price Action. Cyrii's development and cult status provide significant lift potential, especially when people can repurchase their airdop at a 50-80% discount depending on sell time.
That chart looks insanely bullish to meClassical Cup and Handle pattern. A project build on Solana with a great and very active community and developers. Token retraced almost 95% in this recent bear market. Looks like sentiment is changing now, volume is coming back and those beaten up tokens have an immense upside potential imo.
Unfortunately not exchangeable on Binance but you can buy Cope on FTX.
If you're in for the long term like me you can just hold it, otherwise I believe 4.6 USD is an interesting level to take some profits.
Cheers
CopenomicsI could see a potential drop to the .618 fib in the mega support area, but I think it's worth averaging in here.
What other defi token:
- has already endured a 93% correction, then pumped
- has a cult-like following and community
- has major investment capital behind it
- is burning over 96% of it's supply (for a total supply of ~40m)
- gives you free tokens just for holding it
- built on the dark horse solana ecosystem
- has a game you can play on it just for the hell of it
Major news coming out this week too. The easiest potential 2x
COPE if you're not buying. $3.4 is just the first stop.
COPE is a true gem!Cope is a really good project and i buy some here and there because i support the vision behind it. Its something that can disrupt cryptotwitter calls with their cope score system and they even have games coming out where you can earn cope by beating it.
Sadly even great projects are at the mercy of bear market priceaction and this project gave alot of their tokens away in an airdrop so there is some greater than average selling pressure.
To my knowledge cope can not be shorted "YET". So i would dca and sell the bounces because it can have a quite strong pump once it gets going.
Anyway keep coping!
The bottom is in for COPEsellers have ran out of coins. we survived the 80% nuke. time to bid. when my grandchildren are visiting my summer house in the Hamptons in year 2050 and they say "grandpa, how did you become so rich?" I will tell them how I held my cope bag all the way through the may 2021 bear market, I will tell them how I not only held my bag, but that I stepped in an bid when I was called upon. I expect my fellow COPErs to do the same. In cyrii we trust <3.