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Mock Up Price Action for CSPR w/ Timeline | Near Term (1D)

Mock Up Price Action for CSPR w/ Timeline | Near Term (1D)

- Things are starting to look promising for reversal from the bottom

註釋

When in doubt, zoom out. Here's what the weekly looks like.

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註釋

Zoomed in view on the 2 Day Time Frame. Multiple HTF buy signals in the bottom indicators. 1D, 2D, 3D, and Weekly RSI purple lines in the multi line at bottom also looking great. Very nice to see that the weekly RSI is now above 30. Loving the continued increase in volume as well as yellow bar whale accumulation in this last bottomed out area. Been monitoring CoinGlass and Open Interest for CSPR these past weeks and we're starting to see noticeable upticks in open interest. Also, to me... You'd have to be crazy, but obviously, to each his own, but its wild to me to see that folks are still in a high volume of short positions on CSPR since July 2024. I'd feel like I was just waiting and asking to have all my money taken from me and completely liquidated entering short on a thing half way on the way down to a new all time low and then maintaining that short position at new bottomed out all time lows, right on the cusp of the market as a whole, making big moves, especially for alts.

All of that said, obviously I'm super long on CSPR. But I do hold room in my mind and have plan for should BTC correct, market panic sell off, and we see very quick sudden hard down into the dirt movements for crypto in the coming weeks. I estimate that for CSPR, it is realistic to expect a potential 30-55% correction down from here depending on how crazy a flash crash BTC could potentially kick off. I have a significant amount of staggered limit buy orders for CSPR 0.008 to 0.006. Essentially doubling my current holdings if that should happen.

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註釋

Just for a little perspective, I like to do the inverse of a chart I'm looking at (Keyboard Shortcut ALT + I in tradingview). Then I ask myself the question, if I were to glance at this chart not knowing, just at face value, would I long this coin that looks like this? For me, the answer is heck no.

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