KSM/USDT Is On 🔥 🔥 🔥
Here’s a Brief Technical Analysis
Observations:
Current Price: $48.09 with a 94.07% increase.
MA60 (Moving Average): The price has broken above the MA60 ($47.03), indicating a bullish trend.
MACD: Positive crossover with increasing histogram bars, confirming bullish momentum.
Volume: High buy volume indicates strong interest in the current upward move.
Long Position Strategy:
Entry Point:
Ideal at a pullback near $46.50–$47.00 (near MA60 for confirmation).
Take Profit (TP):
First TP: $49.50 (recent resistance).
Second TP: $52.00 (psychological level).
Stop Loss (SL):
Below $45.00 (recent swing low).
Trade Duration: Short to medium term (1–3 days, depending on price action).
Short Position Strategy:
Entry Point:
Look for rejection near $49.00–$49.50 if the price fails to break above.
Take Profit (TP):
First TP: $47.00 (support near MA60).
Second TP: $45.50 (previous consolidation zone).
Stop Loss (SL):
Above $50.00.
Trade Duration: Short term (hours to 1 day).
If Signals Go Against You (Contingency Plan):
Plan A: Adjust your SL to breakeven if the price moves halfway to your TP.
Plan B: Use trailing SL to lock in profits if momentum continues unexpectedly.
Plan C: Exit immediately if the price sharply breaks through major support ($45.00) or resistance ($50.00) levels.
Plan D: Avoid overtrading; re-evaluate based on new technical indicators (e.g., RSI, trendlines).