$KSM

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $33.26

Trend: Strong bullish momentum with a sharp 52.57% price increase in the last 24 hours.

Key Indicators:

Bollinger Bands: Price is above the upper band, indicating overbought conditions.

Parabolic SAR: Trend confirmation with SAR at $27.13 (bullish).

Volume: High trading activity at 1.17M KSM, supporting the uptrend.

MACD (if calculated): Likely showing bullish divergence.

Trade Momentum: Bullish

The price is breaking key resistance levels with high volume, suggesting further upside potential.

Traders should monitor closely for consolidation or profit-taking near key resistance levels.

Trade Signal:

Entry Zone:

Between $32.50 and $33.00 for long positions if price sustains above $32.50.

Target Levels 🎯:

1. Target 1 (T1): $35.00 (Psychological and Fibonacci extension level).

2. Target 2 (T2): $38.50 (Major resistance and volume gap area).

3. Target 3 (T3): $42.00 (Extended target based on breakout strength).

Stop Loss:

Below $30.00 (Key support at Bollinger MB and recent consolidation).

Risk/Reward Ratio:

Approximately 1:3, depending on entry and exit strategy.

Notes:

Short-term Outlook: Monitor closely for consolidation around $33.36. A breakout above this level confirms further upside.

Caution: The overbought state increases the risk of a pullback, especially near $35.00.

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