P_S_trade

KCS 1D Step-by-step long-term investment #11

Long
KUCOIN:KCSUSDT   KuCoin Token / Tether
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 +14%, but we do not fix this profit, as it is a long-term investment, and we are waiting for the continuation of growth.
The stop on all position stay at $18,09, and now it is break-even stop +2,5%.

KCSUSD price is consolidating and moving in the growth channel, so we believe that good growth is still ahead.

The first growth target is $23.50, the second is $28.00
The third target we expect is $42.80.
Everyone decides for himself what kind of profit is enough for him)

We came across an updated white paper KCS, which was presented 10 days ago
It is freely available on the Internet, who is interested, can find and read.
We were most interested in the points that can significantly affect the token price of the Kucoin exchange:
1. Lock of 45% of coins for a period of 2 and 4 years. (90 million coins)
2. Burning of 10% of coins from the total issue (20 million coins)
The basic law of economics says: reducing the supply of goods on the market - increases its price.

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