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$KSM /USDT Trading Signal Alert🚨
Price Action Overview:
Kusama (KSM) has demonstrated a strong upward momentum, showing a significant 95.24% gain in the last 24 hours, with the price currently trading at $41.921. The chart reflects a notable breakout from $21.452 (24h low) to $45.786 (24h high), followed by slight consolidation.
Key Levels:
Resistance (Red): $45.78 (24h High), $50.00 (Psychological Level)
Support (Green): $38.50, $35.00
Neutral Zone: $41.50 (mark price stability level)
Indicators:
RSI (6): 34.862 (oversold on short-term correction, potential bullish continuation)
Volume: High trading activity with 24M KSM in volume, indicating strong market interest.
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Technical Analysis for Short and Long Trades:
Short Trade Setup (Bearish Signal):
Entry Price: $42.00 - $43.00
Stop Loss: $45.50 (above resistance)
Take-Profit Targets:
1. $38.50
2. $35.00
3. $32.00
Caution: If price breaks above $45.78 with volume, exit short positions.
Long Trade Setup (Bullish Signal):
Entry Price: $40.50 - $41.50 (current consolidation zone)
Stop Loss: $38.00 (below support)
Take-Profit Targets:
1. $44.00
2. $47.00
3. $50.00 (Psychological Resistance)
Watch For: Breakout confirmation above $45.78 for extended upward momentum.
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Trading Strategy Note:
KSM is displaying signs of bullish momentum. Traders should monitor stability around the $41.50 level to confirm further price movement. A breakout above $45.78 could lead to another bullish run, while failure to hold support at $38.50 might indicate a pullback.
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