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*
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*