$KSM / USDT ā Pullback or Opportunity? š¤
$KSM is currently trading at $15.13, showing a slight decrease of -0.72% today. The 4-hour chart indicates a recent pullback after testing the $15.70 high. This could represent a temporary retracement within an overall bullish trend or the start of a deeper correction.
š§ Potential Scenarios:
Bullish Rebound:
* Potential Entry: Look for potential long entries around the $15.00 support level or on signs of bullish reversal (e.g., bullish candlestick patterns).
* Initial Take Profit (TP): Target the recent high of $15.70.
* Further Take Profit (TP2): Aim for higher targets if the bullish momentum resumes.
* Stop Loss (SL): Place your stop loss below a key support level, such as $14.80, to protect against further downside.
Bearish Continuation:
* Potential Entry: Consider a short entry if the price breaks and holds below the $15.00 level with increasing selling volume.
* Initial Take Profit (TP): Target the $14.50 support level.
* Further Take Profit (TP2): Aim for lower support levels if bearish momentum persists.
* Stop Loss (SL): Place your stop loss above a recent swing high, such as $15.30, to protect against a false breakdown.
ā ļø Outlook:
$KSM is at a critical juncture. The recent pullback needs to be monitored closely for signs of either a bullish rebound or further bearish continuation. The 24-hour volume of 105,228.86 KSM suggests moderate trading activity. Pay close attention to price action around key support and resistance levels for potential trading opportunities.
