KASUSDT at daily support, likely to head to 0.03745

The price has come back again to the daily support DS1 which was also the target of our last two short trades. I think the price is likely to bounce from here towards 4h resistance zone 4HR1. I think a long is favorable here with a target of 0.03745. Lets try this long.

Comment:

The price dipped into the daily support zone and has bounced from there. The plan is to book some profit once the price moves beyond half way of the profit target. This will open the opportunity for adding the size again when it dips to the support before the price reaching the target.

Trade closed: target reached:

So the price has touched 4h resistance zone 4HR1 and with that it has also reached the target of our long trade. This concludes this trade. It seems the price wants to move higher. Specially if it can go beyond the 4h resistance 4HR1. Lets monitor it and we can look for a long or short setup accordingly.