The_Clown_of_Smyrna

KCS: where it might go

Long
KUCOIN:KCSUSDT   KuCoin Token / Tether
Current interest on the bulflag, and prior levels
Good catalysts and fomo last severa days over KCS because of KuCoin launching a defi platform similar to BSC where the native token asset is used for swaps. launch was smooth and the proversion has charting setup. in comparison to uniswap or bsc, third party tools were required to do these types of charting that are available from the get go; i find that highly convenient in ways.

Still, first past the posts in the defi space have been 95% scams and familiar rugs even with identical names. giving it a weekend to blow off the top of the scammer fomo degen season, and i think that hodling kcs for more appropriate projects will win 90% of the potential moonshot scams for the immediate to short term.

not putting expectations, however, KCS may grant a similar opportunity for scaling as did BSC as a competitor to ETH fees; whereas the main advantage this time around similarities to august 2020 defi on uniswap, and that this is one of the few bullish startups in an overal cowardly market setting.

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Comment:
staying mindful of the white line gap on higher timeframes; depends on short term momentum.
Comment:
alert went off; getting close to white line
Comment:
seems to be circulating idea that KCS is loaded with PNDs and that hte daily transaction volume capped at around 200k~~ and has since fallen off a cliff.

could the fomo gold rush be over that quick and turned kcs into a tron-like scamchain?
Comment:

been watching this structure form. missed alot of profitable swings in the last 24hr, but remain hopeful for a good snag at deep value areas.

still holding out for a 9.5 price target entry or so
Order cancelled

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