$KSM /USDT Technical Analysis: KSM has exhibited strong bullish momentum,

Overview of Price Action:

Current Price: $25.77 (up +21.67% in 24 hours)

KSM has exhibited strong bullish momentum, breaking out from a recent low of $17.70.

The Relative Strength Index (RSI) is at 82.98, indicating that the coin is in an overbought zone and may face a potential pullback.

The volume profile shows heightened activity, with a 24-hour high at $25.96 and a 24-hour low at $20.88.

Key Levels:

Resistance Levels (Yellow):

$25.96 (immediate resistance, recent high)

$27.50 (psychological resistance)

$30.00 (long-term key level)

Support Levels (Green):

$24.00 (minor support)

$20.88 (recent low and strong support)

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Short Trade Signal:

Entry Price: $25.50 - $25.80

Take-Profit Targets:

1. $24.00

2. $22.50

3. $20.88

Stop Loss: $26.50

Analysis: KSM's RSI is overbought, and a pullback is likely. Consider shorting with caution, especially if resistance at $25.96 holds.

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Long Trade Signal:

Entry Price: $24.00 - $24.50

Take-Profit Targets:

1. $27.00

2. $29.00

3. $30.00

Stop Loss: $22.00

Analysis: If KSM retraces and finds support around $24.00, it can resume its uptrend toward higher targets.

Indicators Used:

1. Relative Strength Index (RSI):

RSI above 70 signals overbought conditions (currently at 82.98).

2. Moving Averages:

Short-term averages are bullish, signaling a continuation of the uptrend.

3. Volume:

Increasing volume supports the breakout strength.

Cautionary Notes for Traders:

Wait for confirmation of stability above $25.50 or a breakout above $26.00 before entering long positions.

Be cautious of false breakouts, as RSI suggests overbought conditions.

Watch for a retest of the $24.00 support zone before taking new positions.

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