Many of us have been frothing at the mouth, watching the recent CASPER (CSPR) collapse, waiting for a likely entry point to go long. The bounce we're seeing right now is likely due to the trend seen in the overall crypto market, and not one that's unique to CASPER itself. It looks like this bounce will be temporary, and the downtrend will continue to at least the $0.03218 level before we see any meaningful or sustainable reversal, even though I think that it will go a little lower than that, likely to the $0.03 - $0.031 level. If the bounce does continue, it will likely be stopped at the upper descending trend line (the upper dashed line). If it does break that trend line, it could be a good sign that the reversal is in.
If you enter a long trade, use a stop-loss. In fact, I recommend always using a stop-loss.
Good luck!
If you enter a long trade, use a stop-loss. In fact, I recommend always using a stop-loss.
Good luck!
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Here's a zoomed out look to give you a better idea of the overall trend since the drp started.
