$KMD 1 Hour: Let's Peek at the Next Potential! 👀

Hello friends! 👋 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. 📉

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! 🤷‍♂️

Optimistic View:

Even if it wants to rise, it seems like just a retrace to "catch its breath" before continuing to drop again. There’s an interesting area around 0.0260 - 0.0270 USDT to keep an eye on.

Cautious View:

For sure, selling pressure is still very felt. Don’t rush to enter a long position if there’s 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. It’s better to be cautious and wait for confirmation before making a decision.

Follow my page for more exciting updates! 👇

#InformedTradingDecisionsInturksi #TechnicalAnalysis #Cryptocurrency #CryptoAnalysis #KMDUSDT