CPOOL/USDT - Swing Position

4 hari lalu

Date: 09/12/24

Name: CPOOL/USDT

Market cap
350.25M
Volume (24h)
11.65M
FDV
481.73M
Vol/Mkt Cap (24h)
3.35%
Total supply
1B CPOOL
Max. supply
1B CPOOL
Circulating supply
727.06M CPOOL





Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Overall trend is bullish, Trending
2) Current phase: Break of structure, and continuing the uptrend
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- 558 days consolidation then an upside break and still trending., overall market centiment is quite bullish. Needs a catalyst to sky rocket.
- Currently holding Previous resistance as its support and key level on Daily Time frame

Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $0.35 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation – Close manually.

Trade Plans:
BUY CMP: $0.44
DCA: CMP – $0.22

Invalidation: Manual Close

Trend Based Fibionacci Targets:

Target 1: $2.41
Target 2: $ 3.89
Target 3: $ 4.81
Target 4: $ 6.3

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **