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Coreum / USDT

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COREUMUSDT trade ideas

Coreum, an undervalued Layer 1COREUM/USDT (Coreum) Sector: Layer 1 Market Cap: FWB:40M Coreum is a Layer 1 project using a new form of consensus, the Bonded Proof of Stake. This blockchain has a capacity of 7,000 transactions per second with very low fees. The coin was launched in March 2022 during the Bear Market. As a result, the token has never experienced a bull cycle and may be largely undervalued for the time being, with a capitalization of less than $50M. Although the price of the coin is a long way from its launch price, but we have bounced back very positively in recent days when we retested the key horizontal support level. We are in the process of breaking the downtrend line which we have been stuck since the top of the range. We can define this resistance as a first objective. If we break it, we will have the validation of a large Double Bottom structure in Weekly timeframe, which will be a big bullish signal for the continuation.
Long
by vf_investment
$COREUM - Eve & Eve Double bottom (Rounding Accum)Real nice rounding bottom accumulation going on here on Coreum. Like an Eve & Eve double bottom. The idea, in any case, would be overhead supply, with these lows reaching into liquidity lower to accumulate. While the targets here seem pretty unrealistic, this is how youd measure something like this. Similar to a right angled and descending broadening formation, which could bring us into the 618 - 786 retracement at the 2.618 Id take it level by level and take profit at each zone and extension, leaving a partial position for the full ride in the event it does play out. Losing 0.1449 would be a red flag to me, typically once the previous range low is recaptured, youd want to see it remain that way. Its always important to excercise a little caution with smaller market cap alt coins. Stuff like this, i would typically layer into slowly, with small positions given the exceptional potential targets. You also have to keep in mind, with targets like this, you could see exceptional downside prior.
Long
by TradingNomadic
1
Could 0.0777 Be The Bottom?This is the time to invest in the market when all hope is lost and you see maximum FUD on social media. The price has been dropping since mainnet left people lost and asking themselves if COREUM is just another scam token or if it is the real deal and they don't want retail investors holding this asset. In this market more than anything it's evident people care about making money rather than understanding the basic components of the asset they are invested into. They see the price drop and lose hope. I see the holy grail here and the wonderful opportunity to accumulate at these low prices. I see this as an asset that will give us lottery-type gains. We will go from zero to hero. People stuck in other assets will be left in awe and ask themselves how can this be. Please do your own research on this asset.
Long
by MyLife2Saucy