We decided to make a new weekly local forecast for early investment in Kucoin token
A week ago our investment showed +12%, but today the value of KCS cryptocurrency dropped by -12% and is now in the buying zone.
For us it is a minus, but for someone it can be a profitable buying opportunity. But we stick to the strategy described in the previous idea, so if you are interested, you should reread it to understand the logic of our actions.
From the pluses:
- BTCUSDT is down -11% KCSUSD is down -12% for the week. KCS cryptocurrency didn’t shed much, as risky alts can shed almost twice the price of BTC;
- The price has been held at a mini-trend that has been drawn and pushed up since early December.
- There were no increased volumes on the price decrease, i.e. large holders are not draining their asset, we are waiting for the surge of volumes on the upside movement.
There are different trading strategies and everyone chooses it for himself: with or without stops, the availability of time for trading, the amount of investment or the state of the nervous system.)
We have restricted this investment with a stop loss of 9.32% and these are the risks we are willing to accept