KCS/USDT (Testing Critical Support)

💎Technical Analysis Summary💎


KCS/USDT

-I am not able to publish a new analysis last week due to bad market condition
-I'm currently using the 2-week timeframe period to see the bigger picture of the trend
-Today, the KCS token is currently testing its important support level and EMA-19
-This level is very crucial because it has been tested multiple times from January to March
-If the Bulls can defend this region, then we could expect a good bounce up
-But all depends on BTC's next major move with all the Altcoins being correlated with its price action
-Like I always mention before, if you bought this coin last few weeks
-And if you got stopped out using trailing stop-loss or still holding
-Please ensure to have set a stop-loss below this major support level
-If the crypto space turns out bad this month, you will be saved from big losses
-The key to long-term trading is to manage your position size and strictly follow your stop-loss
-Because if you fail these two important aspects, you will not survive in this marathon
-Good luck traders and stay safe!



KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange.
The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.
KCS broke a new all-time high on December 1, 2021, reaching $28.77. Another important milestone for KCS is the development of KCC.
KCS is used as the only fuel and native token for KCC and can be used to pay gas fees and support the development of projects built on KCC.


For more info about KCS, please visit the link under my Signature Field.


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