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CoFo Lab Market Watch: Corrective Cross-Currents

Analysis and Forecasts
2024-01-15 16:29:16
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Market pulling back selectively. Scout shows correction conviction on isolated names only.

Analysis of CoFo Scout Readings

Spotty crypto correction — some assets hold ground amidst slide. Predominant shorts confirming bearish tilt observed only fractionally.

Majority carved range-bound consolidation instead, prices supported on Scout discorrelation.

But weekly anchor longs continue providing ballast week-over-week.

Daily shorts fading dominance but still formidable overhang.

Locals dispersing mixed signals — lacking directional conviction.

Assets range-bound locally. Globally, bull/bear tension — lack of strength edge yet. More prudent to trade range extremes using reaction & behavior cues.

Awaiting clearer CoFo Scout signals for higher conviction directional trigger.

 

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