We continue to publish a weekly column on public investing in Kucoin token Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
Today the position shows +15%, but we do not fix this profit because it is a long-term investment. Also, the stop on the position is still unchanged - $14.24, because there is a possibility of price correction on the chart of BTCUSDT
It is very likely that there will also be a price correction on the KCSUSD chart.
If the correction will not be lower than $17.66, then, firstly, it will indicate the super strength of the buyer and accordingly the prospects of a strong growth trend in the future. In that case, the take profit target will be shifted to $42.8. Secondly, it will be a very tasty bargain for those who didn't manage to buy KCS.
If the correction goes lower than $17.66, but within the growth channel, that is - roughly speaking - higher than $15, then the fixation target for the long position will be about $34 for 1 KCS.
By the way, we drew a dynamic fibo growth channel on the chart, so that it was more clearly visible how the price moves up, taking into account the dynamic support and resistance levels.
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