🚀 $KMD /USDT: TESTING KEY LEVELS – LOOKING FOR A BREAKOUT OR PULLBACK? ⚡
The $KMD /USDT pair is currently trading at $2999, sitting at a crucial price point that could dictate the next major move. Traders should monitor these key levels closely for potential breakout or retracement opportunities.
📊 Trade Scenarios:
Entry Point: $2999
Take Profit (TP) 1: $3100
Take Profit (TP) 2: $3200
Take Profit (TP) 3: $3300
Stop Loss (SL): $2950
Support is located at $2950, while resistance stands at $3100. A breakout above $3100 could trigger a bullish continuation towards $3200 and $3300. However, a drop below $2950 might signal a bearish retracement and further downside potential.
📉 Market Outlook:
KMD is testing key resistance at $3100, and a breakout above this level could confirm bullish momentum. If it fails to break resistance, a pullback toward support at $2950 may occur, offering potential short opportunities.
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