CSPR has been trading inside a descending channel since 2022. Currently, a triangle pattern is forming — price action inside is choppy, with lots of wicks and noise caused by low liquidity. This may indicate spot buying pressure building up.
🔸 Why it's interesting: Due to low liquidity, CSPR can experience sharp impulsive moves once demand increases.
🔸 Bullish targets: $0.17–$0.26
🔸 Less likely, but possible: $0.60–$0.90
🔻 Bearish scenario: Price could drop to the channel support zone around $0.03–$0.05
⚙️ Trading approach: Best to trade from the mid-range or wait for breakout confirmation, depending on your strategy. Always control position size and manage risk carefully — these moves can be volatile in both directions.
🔸 Why it's interesting: Due to low liquidity, CSPR can experience sharp impulsive moves once demand increases.
🔸 Bullish targets: $0.17–$0.26
🔸 Less likely, but possible: $0.60–$0.90
🔻 Bearish scenario: Price could drop to the channel support zone around $0.03–$0.05
⚙️ Trading approach: Best to trade from the mid-range or wait for breakout confirmation, depending on your strategy. Always control position size and manage risk carefully — these moves can be volatile in both directions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.