KCSUSDT had a false breakout from the triangle exactly on the Weekly support in 6.3$ area. The market grabbed new liquidity for this movement and started with the uptrend printed HH and HL.
The market had a clear breakout and retest on the dynamic resistance, a very good opportunity to apply MTB and create the first profit.
The price had another breakout from the static resistance in 6.7$ area with a nice volume
what's next?
the price is testing the resistance at 6.9$ where the bearish movement started, so we need to see a clear breakout from here in order to retest the 7$ area, the key level.
The market had a clear breakout and retest on the dynamic resistance, a very good opportunity to apply MTB and create the first profit.
The price had another breakout from the static resistance in 6.7$ area with a nice volume
what's next?
the price is testing the resistance at 6.9$ where the bearish movement started, so we need to see a clear breakout from here in order to retest the 7$ area, the key level.
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7%
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14%
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16%
