CoFo Lab Market Watch: Corrective Cross-Currents
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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