COSUSDT - LTF Accumulation Play
Contentos is a great project that saw a fair share of hype during the recent Bull Cycle, yet never saw its day above $0.08. None the less 
COS is still a great project in my opinion and have been adding to my position well it was sitting in its Long-Term Demand Zone. With PA trading around half a cent, a trip back to LTF Supply would offer traders a return greater than 10x. The R:R is very attractive on this trade, with PA just breaking out of the STF downtrend we will see invalidation from a break below the current demand zone.
This idea is marked "Neutral" as I love the project and from a technical stand point I believe Contentos is ready for a trip back to supply to complete the LTF Accumulation pattern; But the Economist in me cannot help but take into consideration the external Macro Economic Factors. Currently the US Economy is due for a rough 2023 across all markets, and for this reason I remain cautious. In a matter of hours we've seen billions absorbed by both the Crypto market and Stock Market, always be prepared for the worst and position yourself accordingly to mitigate your exposure in unsure times. My overall sentiment is Bearish for the markets, but versatility is key in these moments. Being able to separate your bias' from the facts/numbers is crucial; play both sides of the chart and stay disciplined.
*This is not Financial Advice*
COS is still a great project in my opinion and have been adding to my position well it was sitting in its Long-Term Demand Zone. With PA trading around half a cent, a trip back to LTF Supply would offer traders a return greater than 10x. The R:R is very attractive on this trade, with PA just breaking out of the STF downtrend we will see invalidation from a break below the current demand zone. This idea is marked "Neutral" as I love the project and from a technical stand point I believe Contentos is ready for a trip back to supply to complete the LTF Accumulation pattern; But the Economist in me cannot help but take into consideration the external Macro Economic Factors. Currently the US Economy is due for a rough 2023 across all markets, and for this reason I remain cautious. In a matter of hours we've seen billions absorbed by both the Crypto market and Stock Market, always be prepared for the worst and position yourself accordingly to mitigate your exposure in unsure times. My overall sentiment is Bearish for the markets, but versatility is key in these moments. Being able to separate your bias' from the facts/numbers is crucial; play both sides of the chart and stay disciplined.
*This is not Financial Advice*
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.