KSM is testing the Neckline of a massive Double Top from a year ago, which makes it a very strong Support channel.
A few targets within the weak descending channel:
Target #1 = 165
Target #2 = 161
Target #3 = 158
Target #4 = 156
SUPPORT DAILY = 156 to 141
Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it breaks down the Neckline. If this thesis holds, KSM will be in freefall.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
KSMUSDT
KSMUSDT
KSMPERP
KSMUSDT
A few targets within the weak descending channel:
Target #1 = 165
Target #2 = 161
Target #3 = 158
Target #4 = 156
SUPPORT DAILY = 156 to 141
Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it breaks down the Neckline. If this thesis holds, KSM will be in freefall.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
KSMUSDTKSMUSDTKSMPERPKSMUSDTNote
Target #1 reachedNote
All 4 Targets reached.KSM is testing the Neckline, not setting new targets until it has a clear direction.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.