$KSM FALLING WEDGE PATTERN - BULLISH MOVE AHEAD 🚨
Overview:
KSM/USDT is holding strong above the key falling wedge pattern on the weekly chart, indicating that more upside potential is on the horizon.
A falling wedge typically signals a reversal or continuation of the trend to the upside, and this setup suggests a strong bullish move could follow soon.
Key Levels to Watch:
Buy Zone: $34.00 - $35.50
Target Zone: $40.00 - $45.00
Stop Loss: $32.00
Next Steps:
1. Entry Point: Look to enter $KSM between $34.00 and $35.50. If the price holds above the falling wedge support and shows signs of upward momentum, it’s a good time to buy.
2. Target: The first target is around $40.00, with a secondary target near $45.00. These are key resistance zones where the price might face some resistance but could break higher if momentum is strong.
3. Stop Loss: Place your stop loss at $32.00, just below the falling wedge’s lower boundary, to protect your position if the trend reverses.
Why It’s Bullish:
$KSM has been consolidating within the falling wedge, and breaking above the upper boundary is a sign that the bearish trend is reversing.
The fact that the price is holding above the wedge support shows strength and suggests further upside is likely.
Reminder:
Monitor the market closely and be prepared for potential volatility.
Always use a risk management strategy to protect your capital.
Stay ready for the next bullish move! 🚀