KMD market analysis: Currently, KMD shows a bearish trend at the 1-hour, 2-hour and 4-hour levels.
We need to pay special attention to the key price of 0.2321.
As long as the price fails to successfully stand at this price, it is recommended to remain cautious and wait for the next purple dot signal to appear and confirm before considering the opportunity to enter the short position.
If the short position is entered, the target support level below can focus on the two areas of 0.2033 and 0.1816.
However, if KMD rebounds strongly and successfully breaks through the resistance level of 0.2321, it is necessary to be alert to the change in market sentiment. The upper pressure level will shift to around 0.2438 and 0.2542. At that time, it is necessary to flexibly adjust the trading strategy according to the actual market trend.
Please note that trading should be cautious and risk management must be done well.
