$KMD 1 Hour: Let's Peek at the Next Potential! š
Hello friends! š I'm currently peeking at KMD/USDT on the 1-hour timeframe. From what I see, it seems like KMD is taking a brief "rest" after a significant drop yesterday. š
Important Points I Noticed:
- KMD is currently under selling pressure, there was a pretty convincing "break down" yesterday.
- There is a large price gap (FVG) below that seems to act as a magnet for the price.
- The selling volume yesterday was huge, but when the price tried to rise, the volume was quite calm. This means that sellers are more enthusiastic than buyers! š¤·āāļø
Optimistic View:
Even if it wants to rise, it seems like just a retrace to "catch its breath" before continuing to drop again. Thereās an interesting area around 0.0260 - 0.0270 USDT to keep an eye on.
Cautious View:
For sure, selling pressure is still very felt. Donāt rush to enter a long position if thereās no strong reversal signal yet! The area around 0.0225 - 0.0250 USDT could be the next stopping point if the downtrend continues.
Conclusion:
Overall, KMD on this 1-hour timeframe still looks bearish. Itās better to be cautious and wait for confirmation before making a decision.
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