“Tamara and I go as a couple” - this phrase is perfect for a coin $KSM and $NEAR
These two coins have been following each other since their existence, and such a correlation is not an accident.
The fact is that Kusama is the test network of the NEAR project. This test network runs longer than the main project and more applications are running inside it than in the original.
❗️ We wrote about these projects in great detail in our article 2 years ago.
In the chart at the beginning of the post, we overlaid the KSM coin chart with the NEAR coin chart (orange line).
As you can see, NEAR is overtaking KSM, which means that KSM will soon go to catch up with his brother.
✔️ We have already told you about such a correlation using the example of a coin $GAS and NEO 👉 Recall
We hope you then made money on this, as we did by closing the position on NEO with a profit of up to +66.89%.
We have already added KSM coin to our portfolios.
Today we are sharing this trading idea with you so that you can make money too.
🕯 Technical analysis
The coin only returns to the listing marks. Moreover, the coin has broken through all moving averages on a growing volume, and the profile volume shows high interest at current levels.
Over the past 2 months, volumes have been growing very strongly, and indicators have left the overbought zone.
A strong bullish Golden Cross signal has already been formed on the chart.
Now the coin needs to consolidate above the $26.1 level for upward impulse.
💡 Entry price: $26.37
🦌 Stop loss: $22.8 (-13.31%) - better without a stop
🎯 Goals: $35.5$44.1$53.8$
Risk profit: up to 7.5 to 1
Why is it better without a stop? Yes, because the coin is very cheap below the listing price. Of course, everything is possible on the market, but in fact, this coin can now be added to a portfolio of any investment horizon.
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
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